Euler Finance Suffers Massive $195M Hack in Flash Loan Attack – Here's What Happened
Ethereum-based lending protocol Euler Finance has fallen victim to a flash loan attack resulting in around $200 million worth of digital assets stolen from the project.
What is Euler Finance and how is it different to other lending protocols? | 15-minute fundamentals
In 15-minute fundamentals, we break down the business of a crypto project and learn about the drivers behind the data you can see on Token Terminal’s charts. In this episode, we dive into the current state of Euler Finance with Michael Bentley.
Watch the full interview here: https://youtu.be/RcLwDibBTuc
Euler’s dashboard: https://tokenterminal.com/terminal/projects/euler
Euler:
Site: https://www.euler.finance/
Docs: https://docs.euler.finance/
Twitter: https://twitter.com/eulerfinance
Michael: https://twitter.com/euler_mab
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Hackers steal $197 mn from crypto lending platform Euler Finance | Finaminds #crypto #hacker #euler
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Flash loan exploit of Euler Finance #crypto #cryptocurrency #trending #shorts #cryptonews
Flash loan exploit of Euler Finance
Euler Finance hacked for over $195M in a flash loan attack
In this video, we will discuss the latest developments in the U.S. banking system and the crypto markets. We will cover the following topics:
How the Federal Reserve Board created a $25 billion loan program to support banks and prevent liquidity crises
How Binance converted $1 billion of BUSD to bitcoin, ether and BNB to boost its reserves
How Euler Finance raised $32 million from major crypto players like FTX, Coinbase and Uniswap
How USDC holders were protected from the closure of two banks by regulators and how USDC remains redeemable 1:1 with the U.S. dollar
If you enjoyed this video, please like, share and subscribe for more updates on banking and crypto news.
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