Euler Finance hacked despite 10 audits in 2 years, says CEO
Euler Labs CEO Michael Bentley stated he will “never forgive” the hacker as the exploit caused him to lose time with his newborn son. Ten separate audits conducted over a two-year period of the Ethereum-based lending protocol Euler Finance deemed it to be “nothing higher than low risk” and having “no outstanding issues” prior to it suffering from a $196 million attack. In a series of tweets on March 17 Euler Labs CEO, Michael Bentley described the “hardest days” of his life after Euler’s $196 million flash loan attack on March 13. He retweeted one user sharing information that Euler had 10 audits from 6 different firms, and commented that the platform “has always been a security-minded project.” Euler has always been a security-minded project. The Euler smart contracts, including the vulnerable lines of code, were audited.https://t.co/SvNeoKEGuY — Michael Bentley (@euler_mab) March 16, 2023 Blockchain Security firms including Halborn, Solidified, ZK Labs, Certora, Sherlock and ...