February 22, 2024

Hackers stole nearly $200 million worth of cryptocurrency from the Euler Finance lending protocol, Cointelegraph reported earlier this week.

Euler is a non-custodial decentralized finance (DeFi) protocol on Ethereum that allows users to lend and borrow virtually any crypto asset. Euler Labs, the company behind the protocol, confirmed the incident via Twitter, saying security experts and police have been brought in to investigate the matter.

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