Ethereum Restaking Protocol EigenLayer Confirms $5.5 Million Token Hack

• Ethereum restaking protocol EigenLayer addresses suspicious sale of $5.5 million worth of EIGEN tokens.
• Protocol states tokens were erroneously transferred to an attacker instead of intended recipient.
• Investigation reveals compromise of email thread, resulting in 1,673,645 EIGEN tokens being transferred to attacker.
• Hacker swapped tokens for stablecoins and transferred proceeds to centralized exchanges.
• Protocol confirms no vulnerabilities in protocol or token contracts.
• Current and former employees prohibited from staking EIGEN until Sept. 30, 2025.

Summary :
Ethereum restaking protocol EigenLayer has confirmed that a suspicious sale of $5.5 million worth of EIGEN tokens was the result of a hack. The protocol stated that an attacker compromised an email thread involving an investor's token transfer, leading to the erroneous transfer of 1,673,645 EIGEN tokens to the attacker's address. The hacker then swapped the tokens for stablecoins and transferred the proceeds to centralized exchanges. EigenLayer is working with the platforms and law enforcement to freeze the funds. The protocol emphasized that there are no vulnerabilities in its protocol or token contracts and that the compromise was not related to any onchain functionality. Current and former employees are prohibited from staking any EIGEN tokens received from Eigen Labs until at least September 30, 2025, and the firm has implemented a freeze on sales until next year. The price of EIGEN has increased by 0.54% to $3.22 over the past 24 hours. EigenLayer is continuing its investigation into the incident.

Sources :

- TheBlock
- CoinTelegraph