The saga of the $197 million cryptocurrency theft from Euler Finance DeFi protocol has finally reached a conclusion, with the hacker returning all the stolen funds back to the company.
Euler Finance has announced that following successful negotiations, the hacker has returned all the funds that were stolen on March 13th, bringing the ordeal to an end.
According to Euler Finance, the hacker’s decision to return all the money was the right thing to do, and therefore, the campaign for a $1 million reward for information on the hacker has been called off.
The hacker reached out to Euler Finance some time ago, expressing his desire to resolve the issue amicably and return assets that didn’t belong to him.
Euler Finance agreed to enter into discussions, and the “conscientious” hacker apologized for the hack and promised to return all the stolen funds.
One victim of the hack, who had lost all their savings of 78 ETH ($130,000), even received a message from the hacker, who promptly transferred 100 ETH to their wallet as an apology.
The resolution of this case is a reminder of the importance of transparency and communication in dealing with cybersecurity issues.
Euler Finance’s willingness to enter into negotiations and the hacker’s decision to return the stolen funds is a positive step towards building trust and security in the cryptocurrency industry.