The 2023 Euler Finance Hack

In March 2023, Euler Finance, a decentralized lending platform, experienced a hack resulting in the loss of $200 million in various cryptocurrencies. The attack exploited a vulnerability in Euler’s lending contracts, allowing the hacker to drain funds from the platform.

The hack drew attention to the ongoing security vulnerabilities in DeFi platforms and the necessity for continuous security audits and upgrades. Euler Finance’s response included an investigation and collaboration with security experts to address the breach.

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