EigenLayer Investor

Social Engineering

Estimated loss

$5.70M

VERDICT —OUT OF SCOPE

Root cause is social engineering — privileged personnel deceived into authorizing the drain. Contract behaved as written. Defense lives in process controls (multi-party approval, M-of-N signoff windows), not in smart-contract review.

▰ METHOD

SOCIAL ENGINEERING

SOCIAL-ENGINEERING

Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

Forensic narrative

EigenLayer disclosed on X that in an isolated incident this morning, an email thread involving one investor’s transfer of tokens into custody was compromised by a malicious attacker. As a result, 1,673,645 EIGEN tokens were erroneously transferred to the attacker’s address. The attacker sold these stolen EIGEN tokens via a decentralized swap platform and transferred stablecoins to centralized exchanges. EigenLayer stated that they are in contact with these platforms and law enforcement. A portion of the funds have already been frozen. The compromise has not impacted the broader ecosystem. There is no known vulnerability in the protocol or token contracts and this compromise was not related to any on-chain functionality. Attack method (per SlowMist): Social Engineering. Reported loss: $ 5,700,000.

Primary source

https://x.com/eigenlayer/status/1842317191045157099 ↗

Sourced from

slowmist

Technical record