Euler Finance Flash Loan Attack Explained
2023-03-15 • Chainalysis •
https://blog.chainalysis.com/reports/euler-finance-flash-loan-attack/
Chainalysis reported only tentative DPRK relevance in the Euler Finance incident: 100 ETH stolen from Euler moved on March 17, 2023 to an address that had previously received funds from the Lazarus-attributed Axie Infinity Ronin Bridge hack. The source explicitly cautions that this could indicate Lazarus involvement or could be misdirection by another group, so the Euler attack should not be treated as confirmed DPRK activity from this excerpt alone. The underlying incident was a roughly $197 million flash-loan exploit against Euler Finance in which the attacker abused the DonateToReserve/eToken accounting issue, used Aave-sourced DAI liquidity, and moved some proceeds through Tornado Cash before later returning funds.