EigenLayer Addresses $5.5M Token Mishap: A Case of Compromised Custody Transfer
On Friday, Ethereum restaking protocol EigenLayer faced scrutiny after a suspicious sale of $5.5 million worth of EIGEN tokens, leading to concerns of an insider breach. Traders speculated that an employee or early investor might have bypassed the token lockup period, selling tokens shortly after trading commenced last week and less than a year after the May 2024 airdrop. However, EigenLayer has since clarified that the sale resulted from an external attack rather than internal misconduct.
Wilfred
