In a series of tweets published today, Euler Labs CEO Michael Bentley described the “most difficult days” of his life after Euler was hit by a $197 million flash loan attack on March 13. He retweeted information shared by a user stating that Euler had 10 audits from 6 different companies, commenting that the platform "has always been a security-conscious project." From May 2021 to September 2022, blockchain security companies such as Halborn, Solidified, ZK Labs, Certora, Sherlock and Omnisica conducted smart contract audits on Euler Finance.

Prior to yesterday’s news, the Euler Foundation offered a reward of US$1 million for clues about hackers and stolen funds.