Cryptocurrency
[loss] $3M+
"EigenLayer Says Unauthorized Selling Was an 'Isolated Incident', But Critics Still Have Concerns"
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
- 2024-10-04 Breach occurred
- 2024-10-04 Publicly disclosed