EIGENLayer reassured its neighborhood that the platform’s infrastructure and onchain protocol keep protected after an investor misplaced EIGEN tokens worth roughly $6 million in an isolated e mail compromise on Oct. 4.
A malicious actor stole 1,673,645 EIGEN tokens by infiltrating an e mail thread between an investor and the platform’s custodial service. The EIGEN workers reported that the attacker intercepted the communication, inflicting the investor to unknowingly swap the tokens to the attacker’s deal with.
The stolen tokens had been shortly liquidated on a decentralized swap platform, and the attacker remodeled the proceeds into stablecoins. These stablecoins had been then transferred to centralized exchanges in an attempt to obscure the trail.
In response, the EIGEN workers has collaborated with a lot of change platforms and laws enforcement, effectively freezing a portion of the stolen funds.
In its assertion, EIGEN Layer pressured that the compromise was restricted to the investor’s e mail communication and didn’t consequence from any weak level throughout the platform’s protocol or good contracts.
Following its preliminary investigation of the incident, the workers talked about:
“This incident isn’t linked to any onchain efficiency. Our protocol stays protected, and token holders normally usually are not at risk.”
The assault has prompted the workers to bolster security protocols, notably related to communication with merchants. The broader ecosystem, according to the change, stays unaffected by the incident.
The assertion added:
“We proceed to analysis and may share further updates as rapidly as we’ve further information.”
Whereas the stolen funds symbolize a significant loss for the investor, EIGEN Layer’s swift response to freezing just a few of the property alerts the importance of cooperation between decentralized platforms, centralized exchanges, and laws enforcement in tackling token thefts.
The EIGEN neighborhood is awaiting further particulars as a result of the investigation progresses. The platform ensures to take proactive steps to cease comparable incidents ultimately.
