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Euler DeFi Protocol Exploited for Nearly $185M

source-logo  coindesk.com  + 14 more 13 March 2023 09:55, UTC

Decentralized finance (DeFi) lending protocol Euler Finance has suffered an exploit resulting in almost $185 million being lost.

The losses occurred over four transactions in dai (DAI), wrapped bitcoin (WBTC), staked ether (sETH) and USDC, according to smart contract auditor BlockSec.

Euler Finance did not immediately respond to CoinDesk's request for further comment.

Read more: This Was the Worst Year for Crypto Hacks. Here’s How 2023 Can Be Better

coindesk.com

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