Close Menu
    What's Hot

    What to Expect Next for Bitcoin? Which Direction is the Path Towards?

    Monday, 7 April 2025, 19:08

    BlackRock CEO Fink Warns of Further Market Drop, Recession, and Inflationary Pressures

    Monday, 7 April 2025, 16:50

    Trump Threatens 50% Additional Tariffs on China

    Monday, 7 April 2025, 16:08
    Facebook X (Twitter) Instagram
    CryptoMars
    CryptoMars
    • Home
    • News
    • Bitcoin
    • Ethereum
    • Solana
    • Cardano
    • XRP
    X (Twitter) Telegram
    CryptoMars
    Home » EigenLayer Drained of $5.87 Million in Token Theft
    Altcoin

    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.

    Related

    READ  Trump's Social Media Group in Advanced Talks to Acquire Crypto Trading Platform Bakkt
    Max Bauer
    • Website

    Add A Comment

    Comments are closed.

    Advertisement
    Our Most Popular Articles
    • Telegram Announces Removal of "People Nearby" Feature and New Updates
      Telegram Announces Removal of "People Nearby" Feature and New Updates
    • Telegram Founder: “IP Addresses And Phone Numbers Of Users Who Violate The Rules May Be Disclosed To Relevant Agencies Upon Legal Request”
      Telegram Founder: “IP Addresses And Phone Numbers Of Users Who Violate The Rules May Be Disclosed To Relevant Agencies Upon Legal Request”
    • Home
    • Disclaimer
    • Privacy Policy
    • Contact Us
    © 2025 CryptoMars

    Disclaimer: The information on this site is for informational purposes only and should not be considered financial or investment advice. Investing in cryptocurrencies involves risk, including loss of principal. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. We are not liable for any losses or damages incurred as a result of using the information provided on this site.

    For inquiries related to news tips, advertising, partnerships, or media requests, please contact [email protected]

    Type above and press Enter to search. Press Esc to cancel.