Crypto Just Saw Its Largest Hack of 2023: Here’s How a Hacker Stole $200M

In the wee hours of Friday morning, March 13, a decentralised finance (DeFi) protocol called Euler Finance suffered a major hack, where a hacker (or most likely a team of hackers) managed to exploit the protocol for nearly US$200 million.

The stolen assets were comprised of a mix of niche cryptocurrencies including the algorithmic stablecoin DAI, wrapped Bitcoin (wBTC), Lido Staked ETH (stETH), and the US Dollar-pegged stablecoin USDC. In addition to the theft of the massive sum of cryptocurrency, the price of Euler’s native token, EUL, plunged more than 45%. 

Read more about it at TheChainsaw.