{"id":19066,"date":"2023-03-14T13:26:01","date_gmt":"2023-03-14T13:26:01","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/03\/14\/eul-token-down-52-after-the-200-million-euler-protocol-exploit\/"},"modified":"2023-03-14T13:26:01","modified_gmt":"2023-03-14T13:26:01","slug":"eul-token-down-52-after-the-200-million-euler-protocol-exploit","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/03\/14\/eul-token-down-52-after-the-200-million-euler-protocol-exploit\/","title":{"rendered":"EUL token down 52% after the $200 million Euler protocol exploit"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1678794979339-dd69f32b-04fd-4dc2-913b-ec68c13a6f2c-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1678794979339-dd69f32b-04fd-4dc2-913b-ec68c13a6f2c-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1678794979339-dd69f32b-04fd-4dc2-913b-ec68c13a6f2c-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1678794979339-dd69f32b-04fd-4dc2-913b-ec68c13a6f2c-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/03\/1678794979339-dd69f32b-04fd-4dc2-913b-ec68c13a6f2c.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Hackers stole virtually $200 million from Euler protocol on Monday.<\/li>\n<li>USDC accounted for a majority of the stolen tokens.<\/li>\n<li>Euler Labs is presently working to get better the funds.<\/li>\n<\/ul>\n<p>Euler protocol is dealing with a distinct menace from the crypto agency collapses, crypto lawsuits, and crypto-related financial institution shutdowns which have plagued the crypto house in the latest previous.<\/p>\n<p>The small-cap <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum<\/a>-based decentralized finance lending protocol was on Monday hacked resulting in the lack of crypto belongings price almost $200 million.<\/p>\n<h2>Euler flash mortgage assault<\/h2>\n<p>Blockchain safety agency PeckShield on Monday tweeted notifying Euler to try some <a href=\"https:\/\/etherscan.io\/tx\/0xc310a0affe2169d1f6feec1c63dbc7f7c62a887fa48795d327d4d2da2d6b111d\">fishy transactions<\/a> from its platform.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Hi <a href=\"https:\/\/twitter.com\/eulerfinance?ref_src=twsrc%5Etfw\">@eulerfinance<\/a>: it&#8217;s your decision to have a look:  <a href=\"https:\/\/t.co\/L7ddZhHNq5\">https:\/\/t.co\/L7ddZhHNq5<\/a><\/p>\n<p>\u2014 PeckShield Inc. (@peckshield) <a href=\"https:\/\/twitter.com\/peckshield\/status\/1635203838939652097?ref_src=twsrc%5Etfw\">March 13, 2023<\/a><\/p>\n<\/blockquote>\n<p>Looking at the transactions from Euler on etherscan, the hacker(s) took off with a wide range of cryptocurrencies together with 34.4 million USDC, 8.89 million DAI, 85,690 stETH, and 849 <a href=\"https:\/\/coinjournal.net\/wrapped-bitcoin\/\">WBTC<\/a>.<\/p>\n<p>According to a <a href=\"https:\/\/twitter.com\/SlowMist_Team\/status\/1635288972103667714?s=20\">tweet<\/a> from SlowMist, one other blockchain safety agency:<\/p>\n<p><em>\u201cThe attacker used flashloans to deposit funds and then leveraged them twice to trigger the liquidation logic, donating the funds to the reserve address and conducting a self-liquidation to collect any remaining assets.\u201d<\/em><\/p>\n<p>Euler Labs, the startup behind Euler Protocol, has nonetheless stated that it efficiently stopped the exploit and it&#8217;s presently working to get better the stolen funds in collaboration with a variety of companies together with Chainalysis.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">An replace on our work right this moment to get better funds for Euler protocol customers. <\/p>\n<p>Here are a couple of actions we took instantly:<\/p>\n<p>1. Stopped the direct assault as quickly as attainable by serving to disable the EToken module, which blocked deposits and the weak donation operate<\/p>\n<p>2. Engaged TRM\u2026 <a href=\"https:\/\/t.co\/6ZClE9uGoH\">https:\/\/t.co\/6ZClE9uGoH<\/a><\/p>\n<p>\u2014 Euler Labs (@eulerfinance) <a href=\"https:\/\/twitter.com\/eulerfinance\/status\/1635431726364147712?ref_src=twsrc%5Etfw\">March 14, 2023<\/a><\/p>\n<\/blockquote>\n<h2>Euler\u2019s native token, EUL, down 52%<\/h2>\n<p>The native token of Euler, EUL, dived by greater than 52% following the revelation of the exploit.<\/p>\n<p>At press time, the token was buying and selling at $3.08 down from a excessive of $6.4826 on Monday morning. And though the token worth appears to have consolidated above $3, it isn&#8217;t sure if the token will be capable to maintain that stage seeing that it had dipped from its try to get better after the fall.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/eul-token-down-52-after-the-200-million-euler-protocol-exploit\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Hackers stole virtually $200 million from Euler protocol on Monday. USDC accounted for a majority of the stolen tokens. Euler Labs is presently working to get better the funds. Euler protocol is dealing with a distinct menace from the crypto agency collapses, crypto lawsuits, and crypto-related financial institution shutdowns which have plagued the crypto [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[6],"tags":[6310,6311,147,84,93,247],"class_list":["post-19066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eul","tag-euler","tag-exploit","tag-million","tag-protocol","tag-token","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/19066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=19066"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/19066\/revisions"}],"predecessor-version":[{"id":19067,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/19066\/revisions\/19067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/19068"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=19066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=19066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=19066"}],"curies":[{"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