Euler Finance hacker sends 100 ETH to red-flagged North Korean handle

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Ever since Euler Finance fell sufferer to the largest decentralized finance (DeFi) hack of 2023, the crypto group carefully adopted the $197 million loot on-chain — hoping to trace down the attacker. Out of the collection of transfers made by the hacker, one transaction of 100 Ether (ETH) was allegedly despatched to an handle related to North Korea-linked actors.

Blockchain investigator Chainalysis recognized that 100 ETH from Euler’s stolen funds was transferred to an handle flagged in an older hack with hyperlinks to North Korea.

100 ETH stolen in Monday’s #Euler Finance hack have moved to an handle related to a earlier hack carried out by #NorthKorea-linked actors. This will imply the Euler hack is the work of #DPRK too, or might be misdirection by different hackers. We’ll share extra particulars as potential https://t.co/DxvGsc90Z8 pic.twitter.com/5QPphNTyYY

— Chainalysis (@chainalysis) March 17, 2023

The hacker additionally transferred 3,000 ETH to Euler’s deployer account with out disclosing their intent. Nonetheless, no different transfers had been made after that on the time of writing. In each circumstances, it was unclear whether or not the hacker was trolling or in the event that they genuinely thought-about accepting Euler Finance’s bounty reward of $20 million.

Whereas Chainalysis suspected the involvement of North Korea within the Euler Finance hack, it highlighted the potential of misdirection by different hackers.

Associated: Euler hacker seemingly taking their chances, sends funds to crypto mixer

Euler Labs CEO Michael Bentley shared his displeasure with the $197 million hack as he revealed that ten separate audits conducted over two years assured its safety.

Euler has all the time been a security-minded venture. The Euler sensible contracts, together with the weak traces of code, had been audited.https://t.co/SvNeoKEGuY

— Michael Bentley (@euler_mab) March 16, 2023

As Cointelegraph beforehand reported, blockchain safety companies, together with Halborn, Solidified, ZK Labs, Certora, Sherlock and Omnisica, carried out sensible contract audits on Euler Finance from Could 2021 to September 2022.