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Thursday, February 6, 2025
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    bitcoin
    Bitcoin (BTC) $ 97,151.03
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    Tether (USDT) $ 1.00
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    HomeFinanceEuler Finance assault: the way it occurred and what we will be...

    Euler Finance assault: the way it occurred and what we will be taught from it

    March 13 flash mortgage assault towards Euler Finance resulted in losses of over $195 million. This triggered the contagion to unfold via a number of decentralized finance (DeFi) protocols and at the least 11 non-Euler protocols suffered losses because of the assault.

    Over the subsequent 23 days, and to the reduction of many Euler customers, the attacker returned all funds used.

    eTokens are property, whereas dTokens are liabilities

    Customers liquidated if well being scores drop to 1 or much less

    addresses utilized by the hacker. Supply: Etherscan
    Liquidation occasion issued throughout Euler’s assault. Supply: Ethereum blockchain information
    Losses from Euler’s assault. Supply: Blocksec
    Euler’s RequestDonate occasion is emitted in the course of the assault. Supply: Ethereum blockchain information
    Euler eToken contract switch perform. Supply: GitHub

    Proceed studying on Coin Telegraph

    See also  “An asset like no different”: DA Davidson analyzes the bullish case for Bitcoin
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