As a seasoned crypto investor with a knack for spotting red flags and a digital wallet that has seen more than its fair share of market fluctuations, I can’t help but feel a sense of deja vu reading about EigenLayer’s latest security incident. It seems that the hackers just can’t seem to get enough of this promising protocol.
Based on various online articles, it seems that the official EigenLayer restaking protocol account may have been compromised by a hacker.
On October 18th, EigenLayer’s social media platform advertised a false airdrop scheme aimed at users who were previously qualified for an allocation.
Fake Airdrop Claims
Anonymous blockchain researcher ZachXBT quickly warned users over Telegram, stating that the EigenLayer account on both Twitter and X might be hacked, advising against clicking on any links.
Mudit Gupta, Polygon Labs’ Head of Information Security, emphasized caution regarding X, urging users against clicking on links. He clarified that no new airdrop was taking place. Moreover, DeFiLlama corroborated this situation via their Telegram channel.
Initially, a post from the hacked account suggested distributing EIGEN tokens for EigenLayer’s Season 2 stakeholder airdrop under false pretenses and contained harmful content. This claim was validated by Scam Sniffer, a crypto anti-scam platform, who later shared images of the removed tweets on their platform X.
Following the provided link led users to a fraudulent website, unrelated to EigenLayer’s restaking process or any authentic operations.
Approximately ten minutes past, another prompt arrived asking users to submit their claims. This was subsequently followed by a concluding request. In quick succession, all three posts were taken down after being posted. It’s worth noting that the official announcement for Season 2 staking was made in September, and the claim period had already expired at that time.
EigenLayer’s $5.7M hack
Since early October, the protocol has encountered a second instance of breach, following an announcement made by the EigenLayer team on October 4. They revealed they were probing “unauthorized transactions” linked to a wallet address that has since been identified. This wallet had apparently sold about 1.6 million EIGEN tokens, equating to roughly $5.7 million in value.
On October 5, the team announced in a community update that the recent unauthorized token sale was indeed due to a hacking incident. They revealed that a malicious user managed to manipulate an email conversation related to an investor’s token transfer, gaining control over it.
It was revealed that the thief traded the stolen assets on a decentralized exchange service for other tokens and subsequently transferred stablecoins to conventional trading platforms. Simultaneously, the system announced that contact had already been made with the relevant platforms and authorities, indicating that some of the funds were already frozen.
Although this security incident occurred, the EigenLayer team has reassured the community that it was an isolated event and did not impact their larger system. They also mentioned that there’s no detected weakness in the protocol or token contracts, and this breach was unrelated to any on-chain functionality.
Read More
- W PREDICTION. W cryptocurrency
- AAVE PREDICTION. AAVE cryptocurrency
- PENDLE PREDICTION. PENDLE cryptocurrency
- FutureNet Co-Founder Roman Ziemian Arrested in Montenegro Over $21M Theft
- EUR INR PREDICTION
- USD UAH PREDICTION
- LUNC PREDICTION. LUNC cryptocurrency
- DEXE PREDICTION. DEXE cryptocurrency
- BNB PREDICTION. BNB cryptocurrency
- VELA PREDICTION. VELA cryptocurrency
2024-10-18 17:20