A retail investor suffered a $5.5 million loss as a consequence of a recent breach on EigenLayer. However, the platform maintains that its ecosystem is secure and unaffected.
Nevertheless, the platform maintained that it was secure and that this was a “isolated breach” that was unrelated to any on-chain vulnerabilities or EigenLayer token issues. The EIGEN team initiated an investigation, committing to provide recipients with updates as they acquired additional information.
The breach occurred as EigenLayer encountered increasing criticism due to its transparency, particularly in connection with the staking of tokens and the issuance of the EigenLayer token for the treatment of tokens listed on major exchanges.
In a thread on X, Coinlist CEO Raghav Gulati addressed the EigenLayer token issue, offering his perspective on the process of creating a genuine token. He informed the platform of the potential solutions.
Gulati also underscored the significance of equitable pre-launch pricing for the broader community. When discussing vesting schedules, he believed that while team members should continue to undergo vesting, sale participants should also undergo vesting. He continued his earlier argument against low float and high fully diluted valuations by questioning whether investors and partners should be subject to comparable restrictions.
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