The post EigenLayer X Account Compromised, Used to Promote Scam Token appeared on BitcoinEthereumNews.com.

EigenLayer has suffered a compromise on their X (formerly Twitter) account, with the malicious actors leveraging it to promote a scam token. Multiple sources, including blockchain security firm PeckShield, confirmed the compromise affecting the Ethereum restaking protocol and warned users to refrain from interacting with content on the platform’s official X account.  Hacker Promotes Airdrop Allocation with Phishing Links Typically, recent hacks have either promoted scam tokens or appealed to users to click on phishing links, and this was no different. Per an October 18 post, the attacker used the EigenLayer account to shill a fake season two airdrop allocation for eligible users. The X update persuaded EigenLayer’s over 310,000 followers to click on an attached link to check for airdrop eligibility. The post noted that the airdrop was allocated as the protocol transitioned into “a programmatic incentive,” hence the swift distribution season. EigenLayer X Hack Notably, the account posted the phishing link multiple times after the first notification, with headings like “Final Call” and “Reminder.” Furthermore, the update noted that eligible users had till 23:59 (PST) on October 19 to claim allocation. https://x.com/thecryptobasic It bears mentioning that this malicious airdrop came a few weeks after EigenLayer announced it would airdrop its EIGEN token to participants in a season two stakedrop. According to the Sep. 4 X update, the protocol would reward stakers and operators, ecosystem partners, and the community. Another EigenLayer Attack Meanwhile, today’s X compromise follows a suspected $5.7 million attack on the EigenLayer protocol. On Oct. 4, the Ethereum restaking platform noted it was investigating an unapproved sale involving a wallet that sold 1.6 million EIGEN for $5.7 million. A day later, EigenLayer tied the transaction to a hack in a community update and noted that it was still investigating the attack. However, the protocol assured users…

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Filed under: News - @ October 18, 2024 6:22 pm