Cryptocurrency [loss] $3M+

"EigenLayer Says Unauthorized Selling Was an 'Isolated Incident', But Critics Still Have Concerns"

2024-10-04 [vendor] EIGEN token theft [chain] ethereum
Primary Source ↗
Financial Loss $3.1M (3,100,000 USD)
Blockchain(s) Ethereum

Incident Details

Around 1.67 million EIGEN tokens belonging to an investor in the popular Ethereum-based EigenLayer project were stolen after the investor was tricked into transferring the tokens into the attacker’s wallet. The thief then sold the tokens for around $3.1 million, although the tokens were notionally worth around $5.5 million. Some of the stolen funds were later frozen by centralized exchanges.After the incident, some questioned why the tokens had been sent to an investor without a vesting contract, given they were supposed to be locked for a period of time to prevent sale.

Total loss estimated at $3,100,000.

Technical Details

Initial Attack Vector
Smart contract exploit / hack
Vendor / Product
EIGEN token theft

Timeline

  1. 2024-10-04 Breach occurred
  2. 2024-10-04 Publicly disclosed