EigenLayer Confirms Security Intact Following $5.87M Theft

Written By:
Dishita Malvania

Reviewed By:
Dhara Chavda

Eigenlayer Confirms Security Intact Following $5.87M Theft

On October 4, 2024, EigenLayer reported the theft of 1.67 million $EIGEN tokens, worth approximately $5.87 million. The incident occurred after a hacker compromised an investor’s email and gained access to the tokens. 

However, EigenLayer has reassured its community that the platform’s infrastructure and on-chain protocol remain secure.

Peckshieldalert's Twitt
Source: Twitter

The hacker infiltrated an email thread between the investor and EigenLayer’s custodial service, tricking the investor into transferring the tokens to the attacker’s wallet. The stolen $EIGEN tokens were then swapped for $USDC and transferred to exchanges like HitBTC and Kraken.

EigenLayer acted swiftly, freezing part of the stolen funds by collaborating with law enforcement and exchanges. The platform emphasized that the breach was isolated to the email compromise, with no impact on its protocol or smart contracts.

The team is now enhancing security protocols, particularly in communication with investors, and is investigating further. EigenLayer’s community remains on alert, awaiting additional updates. Despite the significant loss for the investor, the platform’s rapid response highlights the importance of cooperation between decentralized platforms and centralized exchanges in addressing crypto theft.

Also Read: Russian Hackers Are Using Fake AI Sites to Steal Crypto


Mobile Only Image

Share This Article
Follow:
Dishita Malvania is a Crypto Journalist with 3 years of experience covering the evolving landscape of blockchain, Web3, AI, finance, and B2B tech. With a background in Computer Science and Digital Media, she blends technical knowledge with sharp editorial insight. Dishita reports on key developments in the crypto world—including Litecoin, WazirX, Solana, Cardano, and broader blockchain trends—alongside interviews with notable figures in the space. Her work has been referenced by top digital media outlets like Entrepreneur.com, The Independent, The Verge, and Metro.co, especially on trending topics like Elon Musk, memecoins, Trump, and notable rug pulls.
Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.