While Chainalysis suspected the involvement of North Korea in the Euler Finance hack, it highlighted the possibility of misdirection by other hackers.
Ever since Euler Finance became the biggest victim of decentralized financial (Defi) hackers in 2023, the password community has been paying close attention to 197 million dollars of dirt on the chain-looking forward to tracking cyber attacks. In a series of transfers made by hackers, it is said that a 100th ETH transaction was sent to the detailed addresses of participants associated with North Korea.
Blockchain inspector Chainanalysis found that 100 ETH in Euler's stolen assets had been transferred to a detailed address identified in an old hacker attack related to North Korea.
The hacker also transferred to the Euler deployer account to 3000 ETH, but did not disclose his intentions. However, no other transfers were made at the time of preparation of the present report. In a number of cases here, it is not clear whether the hackers were hacking or whether they really considered accepting a $20 million reward from Euler Finance.
Although Chainanalysis suspects that North Korea participated in the Euler Finance hacker attack, it shows the probability of fraud by other hackers.
Michael Bentley, CEO of the Euler White Cat Lab, expressed his strong dissatisfaction with the $197 million hacker attack, revealing that ten separate financial audits had been conducted over the years to ensure security.
As reported by Cointelegraph, blockchain security companies including Halborn, Soltifed, ZK Labs, Certora, Sherlock and Omnisica conducted an intelligent contract financial audit of Euler Finance from May 2021 to September 2022.