Over $35 million lost as contagion from Euler hack spreads throughout defi

Contagion from the massive exploit of the Euler project has spread to around a dozen defi projects, including Balancer, Angle Protocol, Yearn Finance, InverseFinance, and others. Some are still evaluating if and how they may be affected, and how much they've lost.

Around $11.9 million of tokens were sent from the Balancer defi liqiuidity project to Euler during the attack, prompting Balancer to pause the project.

The Angle Protocol decentralized stablecoin project also disclosed that almost half of the total value locked in the project — around $17.6 million in the USDC stablecoin — were sent to Euler during the hack.