In Yet Another Crypto Attack, Hackers Pillage $197 Million From Euler Finance

Unidentified cybercriminals managed to boost nearly $200 million from the decentralized finance lender Euler Finance on Monday. The attack, which stole millions in crypto assets like DAI and USD Coin, is being hailed as the biggest crypto hack of the year so far. If this year is anything like 2022, when hackers stole more than $3 billion in crypto, the Euler theft won’t be the last.

Euler, which refers to itself as a team of software engineers “specialising in the research and development of financial applications,” is the developer behind...