North Korean Lazarus Group tries to phish Euler exploiter News ▸ North Korea ▸ Ethereum ▸ Crime
North Korean Lazarus Group tries to phish Euler exploiter
Euler Labs warned its exploiter not to open the encrypted message under any circumstance, urging him to return the stolen funds.
1 min read
Updated: Mar. 22, 2023 at 8:40 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
A wallet connected to the Ronin bridge exploiter sent 2 Ethereum (ETH) — worth $3,586 — to Euler Finance (EUL) hacker on March 17, according to on-chain data.
The transaction was attached with a message urging the Euler Finance hacker to decrypt an encrypted message.
Polygon’s chief information security officer Mudit Gupta said the attached message was a phishing attempt. Gupta added:
“DPRK [Ronin Bridge exploiter] just sent an on-chain message to Euler exploiter, trying to phish him and anyone else stupid enough to enter their private key in the tool they shared.”
Gupta further warned the community not to ever enter their “private key on any website or tool.”
Blockchain security firm Hexagate corroborated Gupta’s view. The firm added, “the Ronin bridge attacker was trying to exploit the Euler attacker by luring him into running a vulnerable program.”
Meanwhile, this is not the first time both exploiters would interact with themselves. The Euler attacker sent 100 ETH to the Ronin Bridge hacker on March 17.
The Ronin Bridge exploit was linked to the infamous North Korean hacker group Lazarus.
Euler Labs urge attacker not to open message
Meanwhile, the decentralized finance (DeFi) protocol developer Euler Labs told its exploiter not to open the encrypted message under any circumstance. The protocol further urged the exploiter that “the simplest way out here is to return funds.”
The project elaborated that the suggested decryption tool was an old version of a vulnerable elliptic. According to the developers, the private keys involved in the decrypting would be revealed after some ECDH operations.
The Euler exploiter had returned 3000 ETH to the DeFi project and had expressed willingness to return the stolen funds.
Mentioned in this article
Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
Latest North Korea Stories
Latest Ethereum Stories
Latest Alpha Market Report
Latest Press Releases
In this article
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Euler
$4.64595
Euler is a capital-efficient permissionless lending protocol that helps users to earn interest on their crypto assets or hedge against volatile markets without the need for a trusted third party.
Polygon
$0.73683
Polygon, a prominent layer 2 scaling solution on Ethereum, has emerged as a multifaceted and scalable platform, enhancing the Ethereum ecosystem’s capabilities.
Euler Labs
Euler Labs is a team of software engineers and quantitative analysts specialising in the research and development of financial applications.
