Interaction Detected Between Wallet Tied to Euler Finance Exploiter and North Korea’s Lazarus Group

Read full article at CryptoPotato.

On-chain analyst Lookonchain detected an address tied to the exploiter of the Ethereum-based lending protocol sent 100 Ether (approximately $171,700) to a wallet associated with Lazarus Group’s mammoth Ronin network hack.

While it is still unclear if the Euler exploiter is affiliated with the North Korean state-sponsored cyber threat group linked to the North Korean Reconnaissance General Bureau (RGB), the interaction is peculiar as many community members had previously speculated that the notorious collective could be behind it.

  • Lazarus Group was initially sanctioned by OFAC in 2019 and has been involved in several exploits. In addition to the $625 million exploit of Axie Infinity’s Ronin network, it was also behind last year’s $100 million Harmony bridge hack.
  • Euler Finance, on the other hand, was exploited in a flash loan attack on March 13th.
  • Further investigation revealed that the vulnerability remained on-chain for eight months prior to the exploit despite a $1 million bug bounty in place.
  • Over a period of two years, six security firms namely  – Halborn, Solidified, ZK Labs, Certora, Sherlock, and Omnisica – conducted ten separate audits on the lending protocol, according to Euler Labs CEO Michael Bentley.
  • Euler received “nothing higher than low” that “pose no significant threats” in terms of risk assessment by these firms.
  • Meanwhile, a $2 million bounty was offered by the team behind the protocol for information to uncover the hacker’s identity. Hours later, the attacker started moving funds through the crypto mixer Tornado Cass in ten transactions.

The post Interaction Detected Between Wallet Tied to Euler Finance Exploiter and North Korea’s Lazarus Group appeared first on CryptoPotato.

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

#Bitcoin #Crypto #Cryptocurrency

Related articles

Tennis star Naomi Osaka becomes ambassador for crypto exchange FTX

Read full article at News. Naomi Osaka, once one of the highest-ranked tennis players in the world, has become the latest figure in sports and entertainment to endorse crypto exchange FTX. In a Monday announcement, FTX said Osaka will be taking an equity stake in the exchange as well as receiving an undisclosed amount […]

Learn More

Bitcoin Price Prediction as BTC Whale Transfers $230 Million into Unknown Wallet – What’s Going On?

Read full article at Crypto News.Bitcoin’s recent price movement has caught the attention of crypto investors and enthusiasts as a massive transfer of $230 million worth of BTC was made to an unknown wallet by a whale investor. This event has fueled speculation about what the transfer could mean for Bitcoin’s price in the near […]

Learn More

Globe Kicks Off Triple IDO On Ignition, Superfarm, and DODO Today

Read full article at CryptoPotato.[Press Release – London, England, 4th May, 2021] Globe (GlobeDX) will organize its May 4, 2021 Initial DEX Offering (IDO) on Ignition, Superfarm, and DODO platform. The team aims to sell $3 million tokens at the price of $1 a piece, bringing the total cap for this token sale to $21 […]

Learn More