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in Tech

2023’s Biggest Crypto Hack Costs Euler Finance Over $177 Million: Details

by Editor March 13, 2023, 11:04 pm 1.7k Views

DeFi Protocol Euler Finance Loses Over $177 Million in Hack, Marks 2023’s Biggest Cyber Ploy: Report

Euler Finance, a decentralised finance (DeFi) protocol that provides crypto lending services, was hacked on Monday, March 13. This hack attack is estimated to have drained at least $177.6 million (roughly Rs. 1,455 crore) from Euler Finance, as estimated by smart contract auditor BlockSec. Other blockchain research firms like Peckshield and Meta Seluth, on the other hand, estimate that the amount of the stolen funds could be as high as $195…

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