1 month ago
EIGENLayer reassured its assemblage that the platform’s infrastructure and onchain protocol stay unafraid aft an capitalist mislaid EIGEN tokens worthy astir $6 cardinal successful an isolated email compromise connected Oct. 4.
A malicious histrion stole 1,673,645 EIGEN tokens by infiltrating an email thread betwixt an capitalist and the platform’s custodial service. The EIGEN squad reported that the attacker intercepted the communication, causing the capitalist to unknowingly transportation the tokens to the attacker’s address.
The stolen tokens were rapidly liquidated connected a decentralized swap platform, and the attacker converted the proceeds into stablecoins. These stablecoins were past transferred to centralized exchanges successful an effort to obscure the trail.
In response, the EIGEN squad has collaborated with aggregate speech platforms and instrumentality enforcement, successfully freezing a information of the stolen funds.
In its statement, EIGEN Layer stressed that the compromise was constricted to the investor’s email connection and did not effect from immoderate weakness successful the platform’s protocol oregon astute contracts.
Following its preliminary probe of the incident, the squad said:
“This incidental is not connected to immoderate onchain functionality. Our protocol remains secure, and token holders are not astatine risk.”
The onslaught has prompted the squad to bolster information protocols, specifically related to connection with investors. The broader ecosystem, according to the update, remains unaffected by the incident.
The connection added:
“We proceed to analyse and volition stock further updates arsenic soon arsenic we person much information.”
While the stolen funds correspond a important nonaccomplishment for the investor, EIGEN Layer’s swift effect to freezing immoderate of the assets signals the value of practice betwixt decentralized platforms, centralized exchanges, and instrumentality enforcement successful tackling token thefts.
The EIGEN assemblage is awaiting further details arsenic the probe progresses. The level promises to instrumentality proactive steps to forestall akin incidents successful the future.
The station EIGEN Layer assures users infrastructure is unafraid aft capitalist loses $6M successful email hack appeared archetypal connected CryptoSlate.
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