Coinfeeds Daily → EigenLayer's Twitter Account Hacked To Promote Fake Airdrop

EigenLayer's Twitter Account Hacked To Promote Fake Airdrop

Published: Oct 18, 2024 | Last Updated: Oct 18, 2024
Howard Kane
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Compromised X account leads to phishing scam; users warned to stay vigilant.

In recent developments, the Ethereum restaking protocol EigenLayer faced a significant security breach when its Twitter account was compromised. This breach led to the posting of a malicious airdrop link, posing a serious threat to its users.

The Breach and Its Immediate Impact

On October 18, EigenLayer's X account was hacked, and attackers posted a fake airdrop campaign. This scam involved phishing links that falsely claimed to offer a reallocation of EIGEN tokens from a previous airdrop. The links directed users to wallet drainer scams, which are designed to steal cryptocurrencies from unsuspecting victims.

One unfortunate victim reportedly lost $800,000 in cryptocurrencies due to this scam. Although the malicious post was quickly deleted, the incident highlights the potential risks associated with such breaches, especially for a protocol like EigenLayer, which holds over $11.1 billion in total value locked.

Response and Warnings

Eigen Labs, the team behind EigenLayer, promptly confirmed the breach and issued warnings to its users. They advised users to avoid any suspicious links and emphasized the importance of verifying interactions with their official website, 'eigenlayer.xyz'. This proactive communication aimed to prevent further losses and protect their community from similar scams.

Onchain investigator ZachXBT also played a crucial role by alerting users about the malicious link. His timely warning helped minimize the potential damage and spread awareness about the scam.

This incident serves as a stark reminder of the importance of cybersecurity in the cryptocurrency space. Users are encouraged to exercise caution when interacting with online platforms, especially those involving financial transactions. Verifying the authenticity of links and being skeptical of offers that seem too good to be true are essential steps in safeguarding digital assets.

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