Euler Finance Lets Users Redeem Recovered Funds Following $200M Theft

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Euler Finance Lets Users Redeem Recovered Funds Following $200M Theft
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Less than a month later after eulerfinance was exploited for roughly $200 million, the decentralized crypto lending platform has for the first time since the exploit allowed users to claim their capital. reports

for recovered funds to its users Wednesday at 2:00 UTC, allowing users to claim the capital they have in the protocol almost a month after the protocol suffered a flash loan exploit.

Users are able to redeem their share of recovered funds, which stand at 95,556 ether and $43 million of the DAI stablecoin, collectively worth about $223 million based on current prices. The price of EUL, the native governance token of the Euler Protocol, has increased 2.5% in the past 24 hours, but has slid 9.4% in the past week, per

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