Euler Finance is currently under a flash loan attack and the exploiter has managed to drain nearly $196 million in DAI and various other ERC-20 synthetic tokens.
According to on-chain data, as per the last update, the exploiter carried out multiple transactions, stealing nearly $196 million. The ongoing attack has already become the largest hack of 2023. The breakdown of stolen funds is as follows:to another crypto analytic firm Meta Seluth, the attack correlates with the deflation attack one month ago. The attacker used a multichain bridge to transfer the funds from the BNB Smart Chain to Ethereum and launched the attack today.
We are aware and our team is currently working with security professionals and law enforcement. We will release further information as soon as we have it.
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