EigenLayer Email Hack Costs User $6 Million - Coincu

Key Points:

• An investor lost $6 million worth of EIGEN tokens after an EigenLayer email hack, but the platform confirmed it remained secure.
• Some stolen funds were successfully frozen through collaboration with exchanges and law enforcement.

On October 4, EigenLayer assured its community that the underlying infrastructure of the platform remains secure after an isolated incident in which one investor lost about $6 million in EIGEN tokens resulting from an EigenLayer email hack.

Read more: Select Eigen Labs Acquires Rio Network to Enhance EigenLayer Ecosystem 

Investor Loses $6 Million in EIGEN Tokens After EigenLayer Email Hack

According to EigenLayer, one attacker had hacked into an investor’s e-mail, intercepted a transfer request, and stolen 1,673,645 EIGEN tokens. The tokens were sold and immediately changed to stablecoins through decentralized platforms. The proceeds had thus been transferred to CEXs in what looked like an attempt to further obscure the trail of the funds.

The platform has also pointed out that the EigenLayer email hack was limited to the investor’s email communication, not because of any vulnerability of the protocol or smart contracts of the platform. Further, no loopholes or weaknesses in token contracts or their infrastructure have been identified, reported the platform.

Following the EigenLayer email hack, the EIGEN team cooperated with several centralized exchanges along with law enforcements, who were able to freeze a portion of the stolen funds. However, how much of the funds were recovered has not yet been disclosed.

More Security Measures Put in Place After Token Theft

The platform, following the incident, has implemented additional security measures, particularly around investor communication. It assured users that the wider ecosystem was not affected by the incident and that no one else’s investor funds were in jeopardy.

In a related development, EigenLayer prohibited current and former employees from selling any EIGEN tokens they were given by Eigen Labs until at least September 30 of this year. In fact, a sales ban on tokens will still be in effect until next year. According to a lockup schedule on the firm’s site, employee and investor tokens will gradually be unlocked between September 2025 and September 2027.

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