Robert Leshner, founder of Compound, recently withdrew 500,000 EIGEN tokens valued at approximately $1.44 million from FalconX.

The transaction occurred as EIGEN faced a price drop of nearly 15% over the last week, placing its current value at around $2.98.

This movement underscores concerns over asset security, with Leshner’s address holding a substantial $23.61 million, largely deposited in Across and Compound to generate passive income.

In light of a recent security breach involving EIGEN tokens, Eigen Labs appointed SlowMist as an independent investigator. Following an extensive probe, SlowMist discovered that the incident stemmed from a targeted phishing attack on one of Eigen Labs’ investors.

The attack started with a compromised email account belonging to an employee of the investor, granting the attacker access to sensitive communications.

Malicious Attackers Gets Email Thread Between Eigen Labs 

The malicious actor intercepted an email thread between the investor, Eigen Labs, and a custodian responsible for safeguarding EIGEN tokens. By forwarding this legitimate email chain to their own account, the attacker set the stage for the next step: creating nearly identical email addresses mimicking those of the investor and the custodian. Posing as the investor, the attacker sent a message from their fake address, including a wallet address that appeared legitimate.

Once a small test transaction was confirmed, both from the spoofed investor and custodian accounts, the attacker persuaded Eigen Labs to transfer approximately 1.67 million EIGEN tokens into the fraudulent wallet. The breach went undetected until the attacker had successfully rerouted these tokens. This incident highlights the growing sophistication of phishing schemes and the need for enhanced security measures in digital asset management.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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