EigenLayer Reports Email Hack, 1.67 Million EIGEN Stolen

EigenLayer’s restocking protocol team reported that an attacker compromised the project’s email branch and stole 1.67 million EIGEN worth approximately $6 million.

The hacker sold the stolen tokens through an undisclosed DeFi platform and converted the resulting stablecoins to centralized exchanges.

“We are in contact with these platforms and law enforcement. Some funds have been frozen. This breach does not impact the broader ecosystem. There are no known vulnerabilities in the protocol or token contracts, and this breach does not involve any on-chain functionality,” the statement said.

The project team promised to release more information about the incident at a later date. The investigation is ongoing.

Amid the crash, EIGEN has lost 7.6% over the past 24 hours. At the time of writing, the token is trading at $3.28.

Recall that on October 1, EIGEN was listed on the largest exchanges.

On September 30, EigenLayer developers lifted restrictions on coin transfers. Owners were able to trade and send their tokens, including airdrop rewards.