Home Trading North Korea’s Lazarus Group Could Be Behind Euler Finance Hack

North Korea’s Lazarus Group Could Be Behind Euler Finance Hack


Euler Fianance protocol was attacked almost a week ago, which resulted in a loss of more than $180 million. And though the attacker behind the scheme is yet to be certainly identified, popular on-chain analyst Lookonchain has recently reported data hinting at who could be behind the hack. 

According to data from Lookonchain, the Euler Finance hacker sent 100 Ether (ETH) to a wallet address linked to the previous Ronin network bridge exploit which took place last year. The Ronin network is an underlying blockchain for the popular crypto game Axie Infinity.

After the network bridge was exploited last year for roughly $625 million, accounting for the second-largest attack on the developing crypto market, the Office of Foreign Assets Control (OFAC) was able to trace the exploiter address and listed it as a hack from North Korean Notorious Hacking Group Lazarus. 

Related Reading: DeFi Hack: Euler Finance Pushes to Recover Funds After Blocking Vulnerable Module

Now, a year later, this same Ronin bridge exploiter address is seen receiving 100 ETH from the Euler Finance Hacker. Could this mean the Lazarus…

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