Euler Finance hacked funds on the move, crypto’s reaction to the demise of SVB and USDC’s depegging as told by on-chain data, and more

Welcome to the Chainalysis Monthly Roundup newsletter! Each month we capture the most notable news in crypto and at Chainalysis.

$197 Million Stolen: Euler Finance Hacked Funds on the Move

100 ETH stolen in Monday's Euler Finance hack have moved to an address associated with a previous hack carried out by DPRK actors. This may mean the Euler hack is the work of DPRK too, or could be misdirection by other hackers. Read on to learn how hackers stole $197M from Euler Finance, and how the effects of flash loan attacks may be mitigated in the future.

Here’s What On-Chain Data Tells Us About Crypto’s Reaction to the Demise of Silicon Valley Bank And USDC’s Depegging

This month saw three mid-sized banks fail, prompting fears of bigger, panic-induced bank runs. What does on-chain data tell us about #crypto’s reaction to the SVB fallout and the temporary USDC depegging? 

Oracle Manipulation Attacks are Rising, Creating a Unique Concern for DeFi

In 2022, DeFi protocols lost $386.2 million in 41 separate oracle manipulation attacks. Read on to learn what oracle manipulation attacks are and see an example in Chainalysis Storyline. 

Ordinals: A New Innovation Powering Bitcoin NFTs and Maybe More

A new protocol called Ordinals is enabling new use cases on the Bitcoin blockchain, such as NFTs and more. Read here for more info on what Ordinals are, how they work, adoption to date, and what they could mean for Bitcoin's future.

Chainalysis Links NYC 2023: The leading annual event of the cryptocurrency ecosystem

Join us on April 4 - 5, 2023 in New York City for the premiere Chainalysis event. Links NYC 2023 will be a two-day multi-track event where you will have the opportunity to hear from leaders and experts, get trained on emerging crypto technologies, and network with peers in the regulatory, law enforcement, financial services, and crypto native spaces.

How the Dutch National Police Tricked Prolific Ransomware Strain Deadbolt Into Giving Up Victim Decryption Keys

Learn how the Dutch National Police were able to fool Deadbolt ransomware strain into handing decryption keys 🔑 for hundreds of victims, enabling them to recover their #data at no cost.

Public Key: Everything You Need To Know About Smart Contract Audits

Episode 47 of the Public Key podcast is here! In this episode, we talk with David Schwed (Chief Operating Officer of Halborn), where he explains smart contract security audits, crypto project vulnerabilities, and bridge hacks. You can listen or subscribe now on Spotify, Apple, or Audible. 

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