EigenLayer

Security

On October 4, 2024, EigenLayer reported the theft of 1.67 million $EIGEN tokens, worth approximately $5.87 million. The incident occurred after a hacker compromised an investor’s email and gained access to the tokens.&nbsp; 
However, EigenLayer has reassured its community that the platform’s infrastructure and on-chain protocol remain secure. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img loading="lazy" decoding="async" width="476" height="503" src="https://www.cryptotimes.io/wp-content/uploads/2024/10/eigen.png" alt="PeckshieldAlert's Twitt" class="wp-image-205258">
 <figcaption class="wp-element-caption">
 Source: <a href="https://x.com/PeckShieldAlert/status/1842478360297091270" target="_blank" rel="noreferrer noopener nofollow">Twitter</a>
 </figcaption>
 </figure>
</div> 
The hacker infiltrated an email thread between the investor and EigenLayer’s custodial service, tricking the investor into transferring the tokens to the attacker’s wallet. The stolen $EIGEN tokens were then swapped for $USDC and transferred to exchanges like HitBTC and Kraken. 
EigenLayer acted swiftly, freezing part of the stolen funds by collaborating with law enforcement and exchanges. The platform emphasized that the breach was isolated to the email compromise, with no impact on its protocol or smart contracts. 
The team is now enhancing security protocols, particularly in communication with investors, and is investigating further. EigenLayer’s community remains on alert, awaiting additional updates. Despite the significant loss for the investor, the platform’s rapid response highlights the importance of cooperation between decentralized platforms and centralized exchanges in addressing crypto theft. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/10/03/russian-hackers-are-using-fake-nude-sites-to-steal-crypto/" target="_blank" rel="noreferrer noopener">Russian Hackers Are Using Fake AI Sites to Steal Crypto</a> 
</blockquote>

EigenLayer Confirms Security Intact Following $5.87M Theft

The Crypto Times

Other articles published on Oct 5, 2024

Trump Ends SEC Memecoin Will Explode 19,000% Before Exchange Listing, While SHIB and DOGE Lag

Is POPCAT Leading Cat Coin Rally Hitting New ATH?

EigenLayer says $5.7M hack ‘isolated’ incident, no vulnerability on protocol

How Blockchain Technology is Revolutionizing This $450B Industry, Shiba Inu and Solana Holders Ac...

Cybro Presale Breaks $3M Milestone! Insights on AVAX Grant and FTT Price Outlook

The IMF wants El Salvador to limit “public sector exposure to Bitcoin”

Join our free newsletter for daily crypto updates!