EigenLayer Reports Email Breach and Theft of 1.67 Million EIGEN Tokens

The EigenLayer restaking protocol team has reported that a malicious actor compromised the project’s email thread, resulting in the theft of 1.67 million EIGEN tokens, valued at approximately $6 million.

Community Update:

In an isolated incident this morning, an email thread involving one investor’s transfer of tokens into custody was compromised by a malicious attacker.

As a result, 1,673,645 EIGEN tokens were erroneously transferred to the attacker’s address. The attacker…

— EigenLayer (@eigenlayer) October 4, 2024

The hacker sold the stolen tokens through an undisclosed DeFi platform and transferred the obtained stablecoins to centralized exchanges.

“We are in contact with these platforms and law enforcement. Some of the funds have already been frozen. The compromise did not affect the broader ecosystem. There are no known vulnerabilities in the protocol or token contracts, and the compromise is not related to any on-chain functionality,” the statement said.

The project team has promised to release additional information about the incident later. The investigation is ongoing.

Following the news, EIGEN has lost 7.6% over the past 24 hours, according to CoinGecko. At the time of writing, the token is trading at $3.28.

On October 1, EIGEN was listed on major exchanges: Binance, Bybit, OKX, Gate.io, Bitget, MEXC, Kucoin, Uniswap, and others.

On September 30, EigenLayer developers lifted restrictions on coin transfers. Holders gained the ability to trade and send their tokens, including airdrop rewards.