EIGEN Layer assures users infrastructure is secure after investor loses $6M in email hack
EIGEN Layer assures customers infrastructure is stable after investor loses $6M in electronic mail hack EIGEN Layer assures customers infrastructure is stable after investor loses $6M in electronic mail hack
EIGEN Layer reassured customers that its infrastructure remains stable amid isolated 1.67 million token theft from electronic mail breach.
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EIGENLayer reassured its community that the platform’s infrastructure and onchain protocol live stable after an investor lost EIGEN tokens worth roughly $6 million in an isolated 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 provider. The EIGEN crew reported that the attacker intercepted the dialog, causing the investor to unknowingly transfer the tokens to the attacker’s address.
The stolen tokens were rapid liquidated on a decentralized swap platform, and the attacker converted the proceeds into stablecoins. These stablecoins were then transferred to centralized exchanges in an are trying to vague the proceed.
In response, the EIGEN crew has collaborated with just a few alternate platforms and law enforcement, successfully freezing a fraction of the stolen funds.
In its statement, EIGEN Layer pressured out that the compromise used to be restricted to the investor’s electronic mail dialog and did no longer result from any weakness within the platform’s protocol or trim contracts.
Following its preliminary investigation of the incident, the crew talked about:
“This incident is rarely any longer connected to any onchain performance. Our protocol remains stable, and token holders are no longer at anguish.”
The assault has introduced on the crew to bolster security protocols, particularly connected to dialog with investors. The broader ecosystem, in line with the update, remains unaffected by the incident.
The statement added:
“We proceed to examine and may maybe maybe well piece extra updates as quickly as we maintain more recordsdata.”
While the stolen funds record a serious loss for the investor, EIGEN Layer’s swift response to freezing just among the sources signals the importance of cooperation between decentralized platforms, centralized exchanges, and law enforcement in tackling token thefts.
The EIGEN community is looking forward to extra microscopic print because the investigation progresses. The platform promises to take proactive steps to live the same incidents in some unspecified time in the future.
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Assad Jafri
AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his abilities worldwide for over a decade. Specializing in financial journalism, he now makes a speciality of crypto reporting.
Data Desk
CryptoSlate is a entire and contextualized source for crypto news, insights, and knowledge. Specializing in Bitcoin, macro, DeFi and AI.
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The EIGEN token serves as a universal intersubjective work token tailored for EigenLayer, providing security for a diversity of digital responsibilities that are each and every intersubjectively attributable and no longer fully reliant on purpose verification.
Source credit : cryptoslate.com
