The decentralized lending platform Euler Finance suffered a flash loan attack in which an exploiter stole $197 million from the project. The attacker stole $8.7 million in the Dai stablecoin, $18.5 million in wrapped Bitcoin, $135.8 million in Lido staked Ethereum (stETH), and $33.8 million in the USDC stablecoin. Although Euler was well known for its many code audits, the project had later added a vulnerable function that had not been as heavily audited.
Euler announced that they were aware of the exploit, and were “working with security professionals and law enforcement”.
This content was sourced from Web3IsGoingGreat
