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    Home ยป EigenLayer Drained of $5.87 Million in Token Theft
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    EigenLayer Drained of $5.87 Million in Token Theft

    Max BauerBy Max BauerSaturday, 5 October 2024, 8:45No Comments1 Min Read

    Cryptocurrency security company Peckshield reported a security breach affecting EigenLayer, a blockchain staking infrastructure provider. According to Peckshield, the attacker managed to siphon off 1.674 million EIGEN tokens, valued at approximately $5.87 million.

    #PeckShieldAlert #EigenLayer reported that they have been drained 1.674M $EIGEN (worth ~$5.87M). The attacker swapped the stolen $EIGEN for $USDC. Most of the stolen funds have been transferred to #HitBTC, while ~5K $USDC was sent to #Kraken. pic.twitter.com/CjZjpoTpp7

    — PeckShieldAlert (@PeckShieldAlert) October 5, 2024

    EigenLayer Releases a Statement on X

    The stolen EIGEN tokens were subsequently swapped for USDC stablecoins and transferred to centralized exchanges, with a majority of the funds ending up in HitBTC. A portion of the stolen funds, roughly 5,000 USDC, was also sent to Kraken.

    EigenLayer, in an official statement on X, confirmed the incident and attributed it to a compromised email thread involving a single investor’s token transfer. The company emphasized that the breach was isolated and did not compromise the broader ecosystem or protocol security.

    The address in question, 0xA7A1c66168cC0b5fC78721157F513c89697Df10D, is currently under investigation by EigenLayer for unapproved sales activity, according to an alert on etherscan.

    Law enforcement agencies are currently involved in the investigation to trace the stolen funds and apprehend the perpetrator.

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    Max Bauer
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