The loss of the attack on the decentralized lending platform Euler Finance on March 13 reached incredible values.
Leading name in lending platforms Euler Finance, on March 13, a sudden credit attack.biggest in 2023 crypto- attackThe scandalous situation that went down in history as a big in proportion to damages led to Approximately 197 million dollarlost and affecting more than 11 DeFi protocols Euler Finance attack seems to be sitting on the crypto agenda. crypto market FUD your newseffect was greatly reduced. BTC rising again pushed the market upwards. With the increasing crypto market cap, crypto- attacksalso increased.
Euler Finance Trying to Save Its Funds
An update on our work today to recover funds for Euler protocol users.
Here are a few actions we took immediately:
1. Stopped the direct attack as soon as possible by helping disable the EToken module, which blocked deposits and the vulnerable donation function
2. Engaged TRM… https://t.co/6ZClE9uGoH
— Euler Labs (@eulerfinance) March 14, 2023
largest in history crypto- from the attacks faced with someone Euler Finance made statements about the attack that took place. With the letter he published on March 14, in order to carry out the audits of the system, various security with their groups you are workingreported.
In addition, Euler Finance, which continues to take precautions regarding security, has announced that it has disabled some systems in order to continue its activities. Euler Finance, with its social media posts, keeps up with the developments regarding the event. to users is reporting.
