Ethereum reclamation protocol EigenLayer has resolved a suspicious sale worth $5.50 that occurred on Friday. own
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The sale of $5.5 million worth of EigenLayer tokens on Friday raised suspicions after traders speculated that insiders, possibly employees or early investors, may have violated token lock-up periods by selling tokens shortly after trading began last week and less than a year later. I aroused it. The airdrop date is May 10, 2024. EigenLayer announced that it would investigate “unauthorized sales activity.”
Eigenlayer concluded that “…an email thread involving one investor’s token transfer was compromised by a malicious actor,” according to the protocol’s statement on X. “As a result, 1,673,645 EIGEN tokens were incorrectly transferred to the attacker’s address,” the statement said, noting that the hackers exchanged the tokens for stablecoins and transferred the proceeds to a central exchange. “We are in contact with these platforms and law enforcement agencies. Some of the funds have already been frozen,” Eigenlayer said.
“There are no known vulnerabilities in the protocol or token contracts and this compromise is not related to on-chain functionality,” Eigenlayer said. Current and former employees are prohibited from staking any EIGEN they receive from Eigen Labs into EigenLayer until at least September 30, 2025, and the company is enforcing a sales freeze until next year.
According to The Block’s EIGEN price page, the price of EIGEN has risen 0.54% to $3.22 over the past 24 hours, fully diluting the protocol’s token value to $5.4 billion. EigenLayer could not immediately be reached for comment.
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