EIGENLayer reassured its group that the platform’s infrastructure and onchain protocol stay safe after an investor misplaced EIGEN tokens price roughly $6 million in an remoted electronic mail compromise on Oct. 4.
A malicious actor stole 1,673,645 EIGEN tokens by infiltrating an electronic mail thread between an investor and the platform’s custodial service. The EIGEN group reported that the attacker intercepted the communication, inflicting the investor to unknowingly switch the tokens to the attacker’s deal with.
The stolen tokens have been shortly liquidated on a decentralized swap platform, and the attacker transformed the proceeds into stablecoins. These stablecoins have been then transferred to centralized exchanges in an try and obscure the path.
In response, the EIGEN group has collaborated with a number of alternate platforms and legislation enforcement, efficiently freezing a portion of the stolen funds.
In its assertion, EIGEN Layer careworn that the compromise was restricted to the investor’s electronic mail communication and didn’t end result from any weak spot within the platform’s protocol or good contracts.
Following its preliminary investigation of the incident, the group stated:
“This incident is just not linked to any onchain performance. Our protocol stays safe, and token holders usually are not in danger.”
The assault has prompted the group to bolster safety protocols, particularly associated to communication with traders. The broader ecosystem, in response to the replace, stays unaffected by the incident.
The assertion added:
“We proceed to analyze and can share additional updates as quickly as we’ve got extra info.”
Whereas the stolen funds signify a major loss for the investor, EIGEN Layer’s swift response to freezing a few of the property indicators the significance of cooperation between decentralized platforms, centralized exchanges, and legislation enforcement in tackling token thefts.
The EIGEN group is awaiting additional particulars because the investigation progresses. The platform guarantees to take proactive steps to forestall comparable incidents sooner or later.
