Tags: Euler Finance

(DALL-E/CoinDesk)

(Kevin Ku/Unsplash)

An unlikely exchange played out on the Ethereum blockchain, sparking confusion and alarm.

The Lazarus Group was behind the $625 million exploit of Axie Infinity’s Ronin network in March 2022.

The losses occurred over four transactions in dai (DAI), wrapped bitcoin (WBTC), staked ether (sETH) and USDC.