Cryptocurrency Heist Recap
In a plot twist that makes Hollywood movies look like child’s play, the hacker behind the massive $196 million attack on Euler Finance has decided to splash their stolen cash into a crypto mixer. Yes, you heard that right! Just hours after Euler Labs announced a $1 million bounty for leads on the hacker’s identity, the audacious perpetrator began moving funds around like it’s Monopoly money.
The Funds Are On The Move
Following the chaos, blockchain analytics firm PeckShield broke the news on March 16 that the hacker associated with the flash loan attack was “on the move” — and not to the nearest ice cream parlor. The exploiter transferred a hefty 1,000 Ether (ETH), worth approximately $1.65 million, through the infamous Tornado Cash, a crypto mixer notorious for hiding the origins of funds.
“The exploiter thought, why not take a nice little detour through a mixer?”
Hacker’s Cold Response to Amnesty
Two hours before this digital laundering spree, Euler Finance tried their luck with a rather daring offer — a $1 million reward for info leading to the hacker’s capture along with the return of their funds. The hacker, clearly ignoring their cellphone notifications, proceeded to flaunt their newfound wealth instead. The rapid transitions of assets indicate that the exploiter is not the least bit swayed by the amnesty threat. No one likes to return gifts, especially not those worth a fortune!
The Vultures Circle Around
Interestingly, after the hacker transferred funds to Tornado Cash, about 100 ETH (roughly $165,202) was ominously sent to a wallet believed to belong to one of the victims. One victim plaintively messaged, pleading for the return of their “life savings” and, quite frankly, not all heroes wear capes. The sheer desperation has turned into an avalanche of victims reaching out to the hacker, hoping for some compassion.
- “We are twenty-six families from jobless rural areas,” one heart-wrenching message read.
- Another desperate soul congratulated the hacker for their “big win” while signaling how crucial their investment was for a new home.
What Funds Have Been Stolen?
As it stands, the massive $196 million that vanished into thin virtual air consisted chiefly of Dai (DAI), USD Coin (USDC), staked ETH, and wrapped Bitcoin (WBTC). It seems like a buffet of cryptocurrencies, and the hacker was certainly hungry.
Conclusion: Who Will Catch This Poacher?
As the suspense unravels like a gripping thriller, we are left wondering whether the hacker’s hubris will lead to a fatal misstep, or if they’ll remain ghost-like in the crypto world. The game of cat and mouse continues; will they get caught, or will they be living comfortably one day? Only time will tell!
