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Euler Finance hack: Everything latest that you need to know

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ambcrypto.com

Before it was attacked for $196 million, Euler Finance, an Ethereum-based lending system, was rated as “nothing greater than low risk” in ten independent audits that were done over two years.

Following Euler’s $196 million flash loan attack on 13 March, CEO of Euler Labs Michael Bentley wrote in a series of tweets on 17 March about the “hardest days” of his life.

He retweeted a user who had shared information about Euler receiving 10 audits from six different firms, saying the platform “has always been a security-minded initiative” and adding that he had retweeted the individual.

The Euler Financial smart contract was audited by blockchain security companies Halborn, Solidified, ZK Labs, Certora, Sherlock, and Omnisica between May 2021 and September 2022.

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