Euler Finance Recovers $5.4M Lost to DeFi Hacker
The world of decentralized finance (DeFi) has been rocked by a major security breach. On August 7th, 2020, Euler Finance, a decentralized finance protocol, announced that a hacker had stolen $5.4 million worth of cryptocurrency from its platform. The attack occurred when the hacker exploited a vulnerability in Euler's smart contract code. The hacker was able to withdraw funds from the Euler Finance platform without authorization. The stolen funds included Ethereum, USDC, and DAI tokens. In response to the attack, Euler Finance took immediate action to secure its platform and