Ten separate audits conducted over a two-year period of the Ethereum-based lending protocol Euler Finance found that it was no more than low risk and had no outstanding issues before it was hacked, which led to the theft of $196 million. Hallborn And Other Blockchain Security Firms Conducted the Audits Before Euler Finance Was Hacked Blockchain security firms such as Halborn, Solidified, ZK Labs, Certora, Sherlock, and Omnisica conducted Euler Finance smart contract audits from May 2021 to September 2022. Halborn made its risk assessments by weighing the probability of a security event and its impact with risk levels ranging
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