In a surprising turn of events, the architect behind the March 13 Euler Finance exploit has returned an additional $26.5 million worth of Ether to the Euler Finance deployer account on March 27, according to on-chain data. The return of these assets comes just two days after the hacker returned 58,000 ETH (worth over $101 million at the time) to the Euler team.

The return of these funds marks a significant development in the aftermath of the attack, which had resulted in the loss of over $200 million worth of assets. The return of over $138 million worth of crypto assets by the attacker has given hope to the Euler team and the wider crypto community that the attacker may be willing to cooperate and work towards a resolution.

@azcoinnews

On March 27, at 6:21 pm UTC, an address associated with the attacker sent 7,738.05 ETH (worth approximately $13.2 million at the time it was confirmed) to the Euler deployer account. In the same block, another address associated with the attacker sent an identical amount to the same deployer account, bringing the total to 15,476.1 ETH (around $26.4 million). Then, at 6:40 pm UTC, the first wallet sent another transaction to the deployer account for $10.7 million worth of the Dai stablecoin, bringing the total of all three transactions to approximately $37.1 million.

Both of these addresses have received funds from the account that Etherscan labels “Euler Finance Exploiter 2,” which suggests that they are under the control of the attacker. It remains unclear why the attacker is returning the stolen assets, and whether they will return all of the stolen assets or just a portion.

The return of such a large amount of assets is an unusual move by a hacker, and it could signal a willingness to cooperate with the Euler team. It could also be a way to reduce the risk of being identified and prosecuted for the attack. However, it is important to note that the return of these assets does not absolve the attacker of their actions, and they may still face legal repercussions.

Overall, the return of over $138 million worth of crypto assets by the attacker is a significant development in the aftermath of the Euler Finance exploit. The return of these assets gives hope that a resolution can be reached, and that the wider crypto community can work towards preventing future attacks.

#EulerFinance #Euler #Hack #ETH #azcoinnews

This article was republished from azcoinnews.com

1. Crypto Twitter Under Siege:
- CoinGecko and SEC's Twitter accounts hacked in a week, exposing a concerning trend of crypto breaches.
2. Airdrop Deception:
- CoinGecko fell victim to hackers using a fake "Coingecko Token" airdrop to lure users into a malicious phishing trap.
3. Authentication Oversights:
- Both CoinGecko and the SEC allegedly lacked basic two-factor authentication on their compromised accounts.
4. Rising Hacker Tactics:
- Security firms report hackers adopting more advanced technologies in 2023 and 2024, signaling a worrisome escalation in cyber threats.
5. Crypto's 2024 Hacking Spree:
- The CoinGecko incident contributes to a series of high-profile crypto hacks in 2024, resulting in losses exceeding $120 million.
6. Security Wake-Up Call:
- The breaches emphasize the evolving sophistication of hackers and the critical need for robust cybersecurity measures in the crypto space.
This week unfolded with a cascade of cybersecurity events, leaving the crypto community on edge. Notably, the US Securities and Exchange Commission's Twitter account fell victim to hacking, disseminating false information about a non-existent ETF approval. A swift turn of events occurred as CoinGecko faced a similar breach, but this time hackers took a different approach, deploying a phishing link for a fake airdrop on its compromised account.
On January 10, CoinGecko acknowledged the breach, revealing that hackers had not only infiltrated its Twitter account but also its terminal. The assailants craftily posted messages offering a bogus "Coingecko Token" airdrop, enticing users to click on a fraudulent link. Despite the swift recovery by CoinGecko, the damage was done, with thousands having already been exposed to the deceptive message.
As CoinGecko took charge of the situation, promptly securing its accounts and initiating an investigation, the incident echoed a broader trend. Earlier on January 9, the US SEC encountered a similar breach, claiming an absence of two-factor authentication (2FA). This lack of 2FA was also identified in the Coingecko case, underscoring the vulnerability of Twitter accounts in this new wave of attacks.
The broader context of the crypto landscape in 2024 reveals an alarming surge in phishing attacks and Twitter account compromises. Prominent entities like CertiK have fallen victim, with hackers exploiting social engineering tactics. The Coingecko incident is just one episode in a series of high-profile hacks, including the $80 million Orbit chain breach, a $7 million CoinsPaid hack, a $4.5 million Radiant Capital breach, and a $3.4 million Gamma strategies hack.
This escalating trend of hacks and breaches in 2024, totaling over $120 million in losses, emphasizes the imperative for investors to exercise heightened vigilance. As the crypto market anticipates increased activity, these incidents underscore the critical need for stringent security measures and heightened awareness among participants. In a landscape marked by volatility, users are reminded to conduct thorough research and make informed financial decisions, given the evolving sophistication of cyber threats.

Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

#CoinGecko #X #Twitter #Hack #Crypto2024

1. A hacker asserts possession of crucial Binance software housing user information such as emails, phone numbers, and wallet IDs.
2. The hacker purportedly gained entry to this software via phishing emails aimed at law enforcement officials in Uganda, Taiwan, and the Philippines.
3. The hacker intends to sell the software for approximately $10,000.
4. Binance encountered a substantial $2.7 billion fine, while CX confronts a parallel fine amounting to $150 million.

Binance, a major cryptocurrency exchange, finds itself in a series of setbacks yet again, exacerbating its ongoing challenges.
The recent incident involves a cyber attacker who claims to have acquired access to Binance's software used for facilitating law enforcement requests. This software aids the exchange in collaborating with governmental bodies on criminal investigations. The hacker is purportedly selling access to this software for $10,000 in Bitcoin or Monero on Breach Forums, a dark web forum.
Reports suggest that the breach occurred through phishing emails sent to law enforcement officers in Uganda, the Philippines, and Taiwan. These emails contained malware that infiltrated the officers' devices, allowing the hacker to obtain browser credentials. With this illicit access, the hacker breached Binance's law enforcement portal on kodexglobal.com.
Allegedly, the compromised access includes sensitive information such as emails, phone numbers, wallet IDs, and potentially more details about Binance's customers. The hacker even shared screenshots of the breached portal on the aforementioned forum as evidence.
Despite the claims, Binance has not confirmed the veracity of the hacker's assertions. The exchange, however, assured that its customers' funds have remained secure thus far.
Moreover, Binance is grappling with legal troubles in the United States. A recent announcement by the Commodity Futures Trading Commission (CFTC) disclosed a court order for Binance to pay a substantial $2.7 billion fine. This penalty stems from alleged "ill-gotten fees" amounting to $1.35 billion collected from customers associated with US-designated terrorist groups, such as ISIS and al-Qaeda.
Consequently, Binance's CEO, Changpeng CZ Zhao, has faced a staggering $150 million fine for his purported involvement in the scheme. He had earlier stepped down from his CEO position under coercion earlier in the year.
In response to the court's decision, Binance has acknowledged and accepted the ruling. The exchange claims to have taken measures to enhance its compliance and risk management systems.
Disclaimer: Voice of Crypto strives to present accurate and current information; however, it disclaims responsibility for any potential omissions or inaccuracies. Given the high volatility of cryptocurrencies, prudent research is advised before making any financial decisions.

#BinanceWish #binance #Hack #Hacked