The recent suspicious sale of $5.5 million in EigenLayer tokens was confirmed as a hack, not insider misconduct.

Hacker Exploits Investor Email

EigenLayer stated that a hacker accessed an investor's email communication, allowing them to intercept the token transfer. The tokens were quickly swapped for stablecoins and moved to several centralized exchanges. EigenLayer confirmed that a portion of the funds has been frozen and steps are being taken to reclaim the rest.

EigenLayer's Security Measures

EigenLayer assured users that the incident was unrelated to any vulnerabilities in the protocol. Measures have been implemented to prevent similar incidents, including prohibiting current and former employees from staking or selling EIGEN tokens until at least September 2025.

EIGEN Token Stability

Despite the breach and subsequent investigation, the price of EIGEN has remained stable and even increased by 1.32%. This indicates that investor confidence has not been severely shaken. Last week, EIGEN began trading on several platforms, including Binance.

EigenLayer continues to work with law enforcement and affected exchanges to recover the stolen assets. Their prompt response may help restore trust and ensure the platform's long-term security.