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Euler Finance hacker transfers 100 ETH to address linked with North-Korean actors

Euler Finance hacker transfers 100 ETH to address linked with North-Korean actors

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TL;DR

  • Out of the series of transfers made by the hacker, 100 ETH was allegedly sent to an address with known links to North Korea-associated actors.
  • Chainalysis suspected North Korea’s involvement in the $197 million hack of Euler Finance.

Following the devastating Euler Finance DeFi hack, which resulted in a loss of $197 million, crypto-fans tracked the loot on-chain in an effort to uncover the perpetrator. According to Chainalysis, out of the series of transfers made by the hacker, 100 ETH was allegedly sent to an address with known links to North Korea-associated actors.

The hacker transferred 3,000 ETH to Euler’s deployer account without disclosing their intent. At the time of writing, no additional transfers had been made. It is uncertain whether the hacker was acting with malicious intent or if they were indeed considering taking up Euler Finance’s generous offer of a $20 million bounty reward.


Chainalysis suspected North Korea’s involvement in the $197 million hack of Euler Finance, yet cautioned that other hackers may have been attempting to misdirect attention away from the true culprit. Michael Bentley, CEO of Euler Labs, expressed his displeasure with the breach and shared that ten independent audits carried out over two years had previously assured its security.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Damilola Lawrence

Damilola is a crypto enthusiast, content writer, and journalist. When he is not writing, he spends most of his time reading and keeping tabs on exciting projects in the blockchain space. He also studies the ramifications of Web3 and blockchain development to have a stake in the future economy.

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