Get the scoop on finance - sign up for mobile alerts
Altcoins
| On
October 18, 2024

EigenLayer (EIGEN) X Account Hacked in Phishing Scam Less Than One Month After the Token’s Launch

By Daniell Marlow

The social media platform X account behind a new Ethereum (ETH) ‘restaking’ protocol has been compromised weeks after the token’s launch.

According to PeckShieldAlert, the social media account belonging to EigenLayer (EIGEN) was hacked with a phishing link this morning.

ADVERTISEMENT

“EigenLayer X account has been compromised. Do*NOT* click the phishing link eligible-eigenfoundation[.]org”

Source: PeckShieldAlert/X

It is not yet known how many people fell victim to the phishers. According to DeFi Llama, the protocol is the second-largest project on Ethereum with over $11 billion in total value locked (TVL). The account promoted multiple phishing scam links before being shut down.

The EigenLayer X account has since removed all tweets and has yet to comment on the situation. The post came in the form of a link to an airdrop invitation, which led users to a malicious site.

EigenLayer is an Ethereum-based restaking protocol that launched earlier this month on the same day of its Coinbase listing.

ADVERTISEMENT

The protocol aims to allow users to reuse their staked ETH or other Liquid Staking Tokens (LSTs) to secure Eigenlayer ecosystem decentralized applications (DApps). The approach attempts to maximize staked asset utility while contributing to the general security of the ETH ecosystem.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
&nbsp
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
Featured Image: Shutterstock/Sensvector