EIGENLayer reassured its group that the platform’s infrastructure and onchain protocol stay safe after an investor misplaced EIGEN tokens value roughly $6 million in an remoted 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 staff reported that the attacker intercepted the communication, inflicting the investor to unknowingly switch the tokens to the attacker’s tackle.
The stolen tokens had been rapidly liquidated on a decentralized swap platform, and the attacker transformed the proceeds into stablecoins. These stablecoins had been then transferred to centralized exchanges in an try and obscure the path.
In response, the EIGEN staff has collaborated with a number of change platforms and legislation enforcement, efficiently freezing a portion of the stolen funds.
In its assertion, EIGEN Layer harassed that the compromise was restricted to the investor’s e-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 staff stated:
“This incident just isn’t related to any onchain performance. Our protocol stays safe, and token holders aren’t in danger.”
The assault has prompted the staff to bolster safety protocols, particularly associated to communication with traders. The broader ecosystem, in accordance with the replace, stays unaffected by the incident.
The assertion added:
“We proceed to analyze and can share additional updates as quickly as we’ve extra data.”
Whereas the stolen funds signify a big loss for the investor, EIGEN Layer’s swift response to freezing among the belongings alerts 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 stop comparable incidents sooner or later.
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