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Euler Finance Hacked for Over $195M in a Flash Loan Attack

Posted on:March 13, 2023 at 09:00 AM

TLDR: On March 13, Euler Finance, an Ethereum-based noncustodial lending protocol, was hacked for over $195M in a flash loan attack. The attacker used a multichain bridge to transfer funds and stole decentralized stablecoins and synthetic ERC-20 tokens. The stolen funds are currently in hacker addresses. Euler Finance is working with security professionals and law enforcement to resolve the issue.

Link to original article: https://cointelegraph.com/news/euler-finance-hacked-for-over-195m-in-a-flash-loan-attack