Euler hacker moves funds to crypto mixer despite bounty

The hacker who exploited Euler Finance on Monday, leaving a $200 million hole, has begun sending funds to crypto mixer Tornado Cash despite the team offering a $1 million bounty for information leading to his arrest.

Despite this being the sixth largest protocol hack in all of DeFi history, Euler Labs sent a message to the hacker via an Ethereum transaction, asking him to return up to 90% of the money by Thursday so the team could drop the charges.

The Euler Labs team also came on Twitter, announcing a $1 million reward for the information leading to the hacker’s arrest:

However, just hours after the announcement, the blockchain analytics firm PeckShield discovered activity in the hacker’s wallet. The address moved 1000 ETH or $1.65 million to the banned crypto mixer Tornado Cash.

The money movements indicate that the hacker isn’t willing to return 90% of the funds in order to receive an amnesty from Euler Labs.

Also, about 100 ETH or $165,900 was transferred to a wallet address owned by one of the attack victims. The wallet address previously sent an on-chain message asking the attackers to return their “life savings.”

This incident prompted other victims to send messages to the hacker, but at the time of writing, no one received their money back. For example, one address sent out a message begging to return 1 million in USDT, as this is the “life-savings of twenty six families from jobless rural area from past decades who worked in factories.”

The address is getting lots of these 'victim' messages now.. pic.twitter.com/fxK4NpBBt7

— YFarmX (@YFarmX) March 16, 2023

According to CoinGecko data, the price of Euler’s EUL governance token reached an all-time low of $2.19 on Thursday, indicating that investors lack confidence in the recovery of their investment.