Euler Finance had 10 separate audits in a 2-year period prior to suffering from a $196 million flash loan attack.
Halborn ranked its risk assessment by measuring the “likelihood of a security incident” and the impact it may have, with the risk level ranging from very low and informational, to critical — Euler received “nothing higher than low risk.”of Halborn’s audit that it had found “an overall satisfactory result.”
The summary stated 23 smart contracts were “inspected and analyzed” by Halborn over a one-month period, of which only “two low risks and three informational” risks were identified. Euler stated it had reviewed Halborn’s coverage and concluded the risks “pose no significant threats.”some “incorrect paradigms” in Euler’s base swapper implementation, as well as how the swap mode was “handled by the codebase” — but stated in the report that these issues were “properly dealt” with by Euler, and “no outstanding issues” remained.
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