From Crisis to Comeback: How Euler Labs Survived a $200M Hack to Thrive in DeFi | Michael Bentley
The Defiant15 Juli 2025

From Crisis to Comeback: How Euler Labs Survived a $200M Hack to Thrive in DeFi | Michael Bentley

In this episode of the Defiant Podcast, we sit down with Michael Bentley, co-founder and CEO of Euler Labs, to explore one of the most remarkable comeback stories in DeFi history. From a devastating $200M exploit in 2023 to surpassing $1B in outstanding loans, Euler Labs has redefined resilience and innovation in the crypto space.

Michael shares the emotional and technical challenges of navigating the exploit, the process of recovering funds, and the lessons learned along the way. We also dive into the evolution of Euler Labs, the launch of V2, and their groundbreaking innovations in DeFi lending, borrowing, and stablecoins.

Whether you're a crypto enthusiast, a DeFi builder, or just love a good comeback story, this episode is packed with insights, inspiration, and a behind-the-scenes look at the future of decentralized finance.

Chapters:

00:00 - Introduction

01:27 - Meet Michael Bentley: CEO of Euler Labs

02:03 - The Early Days: From PhD to Crypto

04:02 - Founding Euler Labs: Hackathon Beginnings

08:10 - Innovations in DeFi Lending

13:00 - The 2023 Exploit: What Happened?

20:33 - Recovering $200M: Negotiating with the Hacker

33:04 - Picking Up the Pieces: Team Resilience

36:41 - Launching V2: A New Chapter

42:29 - Differentiating Euler Labs in DeFi

45:24 - The Future of DeFi: Institutional Adoption

50:43 - Lessons for Founders: Resilience and Security

52:24 - Closing Thoughts: The Hard Things Are Worth It

Avsnitt(326)

"You Can Wake Up With an Idea for a Fund and Deploy it in Minutes:" Melon's Mona El Isa

"You Can Wake Up With an Idea for a Fund and Deploy it in Minutes:" Melon's Mona El Isa

This weeks podcast episode is with Mona El Isa, the co-founder of Melon, a decentralized asset management protocol. Mona tells the story of how she started her career at Goldman Sachs trading equities...

23 Nov 202051min

"I Do Believe Ethereum Will Flip Bitcoin in the Next Four Years:” Balancer's Fernando Martinelli

"I Do Believe Ethereum Will Flip Bitcoin in the Next Four Years:” Balancer's Fernando Martinelli

In this week’s episode, I speak with Illia Polosukhin, cofounder of the Near Protocol and Fernando Martinelli, co-founder and CEO of Balancer Labs. Near is one of the up and coming Layer 1 chains, Bal...

16 Nov 20201h 11min

"When Incentives Are Gone, What's Left? DeFi Gets Mixed Marks:" Sam Bankman-Fried

"When Incentives Are Gone, What's Left? DeFi Gets Mixed Marks:" Sam Bankman-Fried

In this week’s interview, I speak with Sam Bankman-Fried, co-founder and CEO of crypto liquidity provider Alameda Research and derivatives exchange FTX, and with Anatoly Yakovenko, the creator of the ...

9 Nov 20201h 16min

"We've Been Creating Value for Instagram and TikTok With Very Little Actually Accruing to Us:" Trevor McFedries

"We've Been Creating Value for Instagram and TikTok With Very Little Actually Accruing to Us:" Trevor McFedries

This week’s interview is with Trevor McFedries, who is behind Lil Miquela, a 19-year-old aspiring pop star with almost 3M Instagram followers, striking deals with Clavin Klein and Prada. But what’s mo...

2 Nov 202050min

"I'm Not Super Bullish on DeFi. We're Using This Tech to Enrich a Small Group of People:" James Prestwich

"I'm Not Super Bullish on DeFi. We're Using This Tech to Enrich a Small Group of People:" James Prestwich

The founder of Summa speaks to The Defiant about why he has become disillusioned with decentralized finance. Stories of financial inclusion are much rarer than stories of somebody raising hundreds of ...

26 Okt 20201h 15min

"Privacy Might be the Only Thing Left That Makes Web 3.0 a Viable Alternative:" Tor Bair of Secret Foundation

"Privacy Might be the Only Thing Left That Makes Web 3.0 a Viable Alternative:" Tor Bair of Secret Foundation

In this week’s podcast episode I interview Tor Bair, the founder of Secret Foundation, an organization which promotes privacy-preserving technologies, with a focus on Secret Network. Secret Network is...

19 Okt 202058min

"Fintech Can Be a 1.5 Bridge Into 2.0 DeFi:" 11:FS Co-Founder Simon Taylor

"Fintech Can Be a 1.5 Bridge Into 2.0 DeFi:" 11:FS Co-Founder Simon Taylor

I interviewed Simon Taylor. Simon has the rare quality of being very knowledgeable about decentralized finance but also about fintech. He is the co-founder at fintech consultancy firm, 11:FS, and he p...

12 Okt 202054min

"Fair Launch is a New Way for Founders to Express Themselves:" Gavin McDermott of IDEO CoLab

"Fair Launch is a New Way for Founders to Express Themselves:" Gavin McDermott of IDEO CoLab

Hello Defiers! In this week’s interview, I spoke with Gavin McDermott. He's an investor at IDEO CoLab Ventures, the venture arm of design firm IDEO, and he’s one of the creators of Fair Launch Capital...

3 Okt 202054min

Populärt inom Teknik

uppgang-och-fall
elbilsveckan
bilar-med-sladd
market-makers
skogsforum-podcast
rss-elektrikerpodden
rss-technokratin
rss-laddstationen-med-elbilen-i-sverige
bli-saker-podden
rss-uppgang-och-fall
developers-mer-an-bara-kod
rss-en-ai-till-kaffet
rss-veckans-ai
natets-morka-sida
rss-fabriken-2
rss-powerboat-sverige-podcast
har-vi-akt-till-mars-an
hej-bruksbil
dom-kallar-oss-krypto
rss-snacka-om-ai