EIGEN Layer assures customers infrastructure is safe after investor loses $6M in electronic mail hack

EIGENLayer reassured its neighborhood 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 workforce reported that the attacker intercepted the communication, inflicting the investor to unknowingly switch the tokens to the attacker’s handle.

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 to obscure the path.

In response, the EIGEN workforce has collaborated with a number of change 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 outcome from any weak point within the platform’s protocol or sensible contracts.

Following its preliminary investigation of the incident, the workforce stated:

“This incident shouldn’t be related to any onchain performance. Our protocol stays safe, and token holders will not be in danger.”

The assault has prompted the workforce to bolster safety protocols, particularly associated to communication with buyers. The broader ecosystem, in keeping with the replace, stays unaffected by the incident.

The assertion added:

“We proceed to research and can share additional updates as quickly as we’ve got extra info.”

Whereas the stolen funds characterize a big loss for the investor, EIGEN Layer’s swift response to freezing among the property alerts the significance of cooperation between decentralized platforms, centralized exchanges, and legislation enforcement in tackling token thefts.

The EIGEN neighborhood is awaiting additional particulars because the investigation progresses. The platform guarantees to take proactive steps to stop related incidents sooner or later.

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