Euler: If a hacker returns 90% of the stolen DAI and ETH, the remaining 10% can be used as a white hat hacker reward

On March 15th, the loan agreement Euler Finance continued to release information to hackers on the chain. Euler said that the simplest way is to return 90% of the DAI and ETH under your control to the EulerDAO vault address, and 10% as a white hat hacker reward. Then, the investigation will be stopped, and the focus can be shifted to distributing funds to the agreement users without resorting to legal channels.

Interpretation of this information:

The loan agreement Euler Finance has been the victim of a hack that has put their users’ funds at risk. In an attempt to contain the situation, Euler Finance has taken the unusual step of offering a reward to the hackers involved. This offer has come in the form of a request, asking the hackers to return 90% of the DAI and ETH they have stolen to the EulerDAO vault address. The remaining 10% of the funds have been earmarked as a ‘white hat’ hacker reward. This move has been made with the hope that the investigation can be stopped and the funds can be returned to the agreement users without resorting to legal action.

The decision by Euler Finance to offer the hackers a reward has been somewhat controversial. Some people believe that this move could set a dangerous precedent and encourage other cybercriminals to target Euler Finance in the future. Others argue that the reward is a practical solution to a difficult problem, and that it is better to get the funds back quickly than to go through a lengthy and expensive legal battle.

From a broader perspective, this hack is a reminder of the importance of cybersecurity in the digital age. As more and more companies move their operations online, they are becoming increasingly vulnerable to cyber attacks. It is therefore vital that businesses take steps to protect themselves and their customers’ sensitive information from these threats.

Overall, the situation with Euler Finance is worrying, but their decision to offer a reward to the hackers involved shows a willingness to take action and find a solution to the problem. It remains to be seen whether this approach will be successful in getting the funds back, but it is clear that businesses need to take steps to strengthen their cybersecurity measures to prevent similar attacks in the future.