Euler Finance and Ronin Bridge Attackers Engage in Asset Transfer

03/17/2023 05:07 • NFT Newsflash • 126 views

On March 17th, according to Peck Shield monitoring, Euler Finance attackers began transferring assets and transferring 100 ETHs to Ronin Bridge attackers.

Euler Finance attacker transfers 100 ETHs to Ronin Bridge attacker

Analysis based on this information:

The message above reports on an event that occurred on March 17th, according to the monitoring efforts of Peck Shield. The report suggests that the Euler Finance attackers have initiated the process of transferring assets, specifically 100 ETHs, to the Ronin Bridge attackers.

This message hints towards cyber breaches in the realm of decentralized finance or DeFi. Decentralized finance, unlike traditional finance, operates on a P2P network, meaning that there are no intermediaries between the investors and the institutions, and regulations haven’t caught up to DeFi’s rapid growth. As more people enter this market, the more they are exploring the use of security protocols to keep their assets safe. However, it seems that in this case the attackers have bypassed these security measures.

The message does not provide much detail about who or what these two groups (Euler Finance attackers and Ronin Bridge attackers) are, but the fact that they are referred to as “attackers” implies that they are unauthorized individuals carrying out illicit activities. These activities are strictly prohibited in the world of DeFi and are something that regulators are attempting to crack down on, with varying levels of success.

The keyword “Peck Shield monitoring” tells us that this message has been created based on monitoring services from Peck Shield, a leading blockchain security startup. This suggests that firms like Peck Shield are in high demand these days with the proliferation of DeFi projects, and it highlights the need for more advanced security protocols in this industry.

In conclusion, this message informs us about the transfer of assets between two groups of attackers, the Euler Finance attackers and the Ronin Bridge attackers. The event took place on March 17th and was picked up by Peck Shield monitoring. The significance of this event lies in the fact that it highlights the need for improved security protocols in the world of DeFi. It reminds us that as more people enter this market and as more valuable assets are placed on the blockchain, the risks of cyberattacks will only increase unless we take steps to mitigate the risks.

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/4596.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Euler Finance and Ronin Bridge Attackers Engage in Asset Transfer

Euler Finance attacker transfers 100 ETHs to Ronin Bridge attacker

Related recommendations