Euler Finance, a DeFi lending platform that operates on the Ethereum blockchain, could be inching closer to retrieving the funds that were stolen during a hack, as negotiations with the hackers have reportedly commenced.
Back in March, Euler Finance fell victim to a hack in which hackers were able to exploit a vulnerability in the platform’s smart contracts, resulting in the theft of approximately $197 million in cryptocurrency.
However, the perpetrators have now approached Euler Finance with the intention of resolving the matter amicably, and have expressed their desire to return the stolen funds.
In response, Euler Finance has offered to engage in discussions with the hackers, but has insisted on full disclosure of all details pertaining to the situation.
It is worth noting that this is not the first time that Euler Finance has attempted to negotiate with the hackers, having previously demanded that they return 90% of the stolen funds within a 24-hour period, failing which legal action would be taken against them.
However, there was no response from the hackers, and Euler Finance had to resort to offering a reward for any information that could lead to the arrest of the perpetrators and the return of the funds.
One victim of the hack has come forward to express his distress at losing all his savings, but was surprised to receive 100 ETH from the hackers, seemingly as a gesture of goodwill.