Congratulations to Uller Finance Exploiter Penny Hacker for Stealing $27 Million

The man behind the 2023 Euler Financial hack has congratulated himself on his Penny exploit after transferring most of the stolen funds to Tornado Cash.

The decentralized finance (DeFi) platform begged for the money to be returned in exchange for a reward, when a Penny thief transferred the money.

The $27M Penpie Protocol Hack

On September 6, blockchain security company Peckshield revealed the message sent by an attacker of the Euler Finance exploit on X:

“Nice job bro. I haven't seen a hack like this in a while. I'm glad you kept all the money and didn't let these b*stars get a single dollar back if you took it. You win. You lose. Good job.”

Earlier this month, the decentralized protocol was attacked and the criminals stole about $27 million worth of Ether (ETH). 12 hours after the incident, the criminal transferred $7 million through the crypt mixer Tornado Cash.

According to PeckShield, the criminal recently transferred about $17 million in crypt to an intermediate address and withdrew more than $13 million through the mixer. So far, the suspect has reportedly sent 9.6K ETH (about $23M) to Tornado Cash.

After the hack, the Penpi team reportedly stopped withdrawals and deposits to investigate what happened and went to Singapore's Kampong Java neighborhood police station to report the matter.

Crypto hacking is on the rise.

In the year In 2023, Uller Financial suffered a credit attack and lost nearly $200 million in crypto. Several weeks after the event, the thief returned the stolen money and apologized in an encrypted message.

Known as Jacob in Chinalysis, he started by delivering 54,000 ETH (3,000 on March 18 and 51,000 on March 25) to Euler, followed by 7,000 ETH and $10 million in DAI a few days later.

Although the cybercriminal eventually returned the money, the exploit prompted the DeFi protocol to add a modular layer called Euler v2 to manage the risks that could compromise the lending network.

Based on the recent message the perpetrator sent to the Penny hacker, it's clear that their apology was incorrect.

A recent PeckShield report found that crypto platforms in 2018 In August 2024 alone, they faced a staggering loss of over $313 million due to hacking. Over 90% of the attacks costing platforms over $238 million came from phishing.