Eigenlayer is combating again after a $5.5 million token theft, with among the stolen funds already frozen.
On October 4th, the staff behind Eigenlayer introduced that it was investigating unauthorized promoting exercise linked to a selected pockets. The pockets had bought roughly 1.6 million EIGEN tokens, valued at round US$5.5 million.
Eigenlayer, a middleware answer that enhances Ethereum’s safety by permitting customers to restake tokens to again decentralized functions (Dapps) and layer-2 options, just lately gained vital traction after its token, EIGEN, was airdropped to early customers, boosting its market cap to over US$600 million inside every week.
In an replace on October fifth, Eigenlayer supplied additional particulars, revealing that the incident concerned the compromise of an electronic mail thread tied to 1 investor’s token custody switch. A malicious attacker intercepted the method, resulting in the misguided switch of 1,673,645 EIGEN tokens to the attacker’s deal with. The stolen tokens have been then bought by way of a decentralized swap platform, with the proceeds transformed to stablecoins and transferred to centralized exchanges.
Eigenlayer confirmed that the compromise didn’t have an effect on the broader ecosystem or reveal any vulnerabilities within the protocol or token contracts, because the assault was unrelated to any on-chain performance. Legislation enforcement and change platforms have frozen a portion of the stolen funds, and the investigation is ongoing.
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