News Explorer — Euler Finance Suffers Exploit of $196.9 Million, Root Vulnerability Unknown

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Euler Finance Suffers Exploit of $196.9 Million, Root Vulnerability Unknown

Euler Finance, a decentralized finance (DeFi) platform, has reportedly suffered an exploit of approximately $196.9 million, according to audit platform BlockSec. The attacker used a series of six flash loans to leverage the attack, and the root vulnerability is still unknown. The markets page now reports a rendering error, and the project's total value locked (TVL) was $237.9 million prior to the attack. Euler Finance is currently working with security professionals and law enforcement to investigate the exploit.