{"id":524527,"date":"2023-03-26T10:54:29","date_gmt":"2023-03-26T10:54:29","guid":{"rendered":"https:\/\/wncen.com\/?p=524527"},"modified":"2023-03-26T10:54:29","modified_gmt":"2023-03-26T10:54:29","slug":"euler-eul-up-25-as-hacker-returns-51000-eth-from-stolen-loot","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/defi\/euler-eul-up-25-as-hacker-returns-51000-eth-from-stolen-loot\/","title":{"rendered":"Euler (EUL) Up 25% As Hacker Returns 51,000 ETH From Stolen Loot"},"content":{"rendered":"
EUL, the native token of the DeFi lending protocol Euler Finance, is currently experiencing an impressive price rally driven mainly by news of the protocol recovering some of the stolen funds from the $200 million hack that occurred earlier this month.\u00a0<\/span><\/p>\n According to data from Coingecko<\/a>, EUL is up 25% in the last 24 hours since the release of the news, indicating growing positive sentiment among its investors. Euler Finance is an Ethereum-based DeFi protocol that allows users to borrow and lend almost any cryptocurrency.<\/span><\/p>\n On March 13, Euler Finance suffered<\/a> an attack resulting in the loss of crypto assets worth $200 million. By exploiting the flash loan mechanism on the platform, the hacker was able to move huge amounts of funds off Euler in the form of dai (DAI), wrapped Bitcoin (WBTC), staked ether (sETH) and USD Coin (USDC).\u00a0<\/span><\/p>\n Looking at EUL\u2019s broader performance, the token has gained 16.8% in the last seven days. However, its current market price represents a 53.7% decline from a month ago.<\/span><\/p>\n At the time of writing, EUL is trading at $3.60 with a daily volume of $5.42 million and a market cap of $59.03 million. Meanwhile, Euler Finance is reported to have a TVL of $9.7 million based on data on Defillama.<\/span><\/p>\n <\/p>\nEUL Gains 25% In 24 Hours<\/span><\/h2>\n
EUL trading at $3.71 | Source: EULUSD chart on Tradingview.com<\/a><\/span><\/pre>\n