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Ethereum-based lending protocol Euler Finance fell victim to a $196 million flash loan attack on March 13, despite undergoing 10 separate audits from six different blockchain security firms over the past two years. Euler Labs CEO Michael Bentley expressed his sad feelings on Twitter and described the attack as one of the most difficult days of his life.
Euler Finance, a victim of the flash loan attack, has announced a $1 million reward for information leading to the hacker's arrest. The hacker started sending the funds through the crypto mixer Tornado Cas just hours after the bounty was implemented.