On March 13, Eurler Finance faced a lightning loan attack under the unmanaged loan contract of the Ethernet, which managed to steal millions of dollars from DAI, USDC, Steth (Steth) and WBTC (BTC).

According to On-Chain data, based on the last upgrade, the exploiters bought and sold several times and stole nearly $196 million. According to Certik Data, a chained data analysis company, attackers stole nearly 43 million pieces of decentralized and relatively stable DAI and nearly 93800 sets of Weth. The ongoing attack became the largest cyber hacker attack in 2023.

The categories of stolen funds are as follows:

According to Meta Seluth, another cryptanalysis company, the attacker was linked to a deflationary attack a month ago. The attacker used the Multichain bridge to transfer money from BSC to the ether and launched an attack today!

Euler Finance raised $32 million in a round of financing last year, and companies such as FTX, Coinbase, Jump, Jane Street and Uniswap participated in equity financing.

European white cat financial industry is becoming very popular for giving liquidity bets on derivative products (LSD) services. LSD is a relatively new type of dynamic password that allows speculators to increase potential returns by releasing the liquidity of the digital currency they bet on, such as ETH. At this stage, LSD accounts for 20 per cent of the total amount locked in by centralized accounting agreements.