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EigenLayer says .7M hack ‘isolated’ incident, no vulnerability on protocol

EigenLayer says $5.7M hack ‘isolated’ incident, no vulnerability on protocol

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Source: Coin Telegraph

EigenLayer said that some of the stolen funds have been frozen as part of ongoing recovery efforts.

Ethereum restaking protocol EigenLayer assured the community that its protocol has no vulnerabilities after an incident where almost $6 million in tokens were stolen from an investor. 

On Oct. 4, the EigenLayer team said it was investigating an “unapproved selling activity” concerning a wallet ending in “f10D.” The wallet address sold about 1.6 million of EigenLayer’s EIGEN tokens, worth about $5.7 million. 

Etherscan quickly marked the address as under investigation following EigenLayer’s announcement. 

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Author: Ezra Reguerra