Euler Finance Undergoing Flash Loan Attack

On-chain sleuths have reported that the decentralized finance (DeFi) protocol Euler Finance is undergoing an exploit.

In the flash loan attack, hackers stole over $188 million from the noncustodial DeFi protocol Euler Finance. The attacker wallet has 88,752 Ethereum (ETH) and 34,186,225 DAI stablecoins. In another wallet, they have stored over 88,77,507 DAI tokens.

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BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.

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