EigenLayer X Account Hacked, But EIGEN Price Holds Momentum

EigenLayer has again gained notable attention from investors, as recent reports claimed that the project’s social media account was compromised. The reports showed that the official X account of the project is posting phishing scams while warning investors to stay away from clicking the links. However, despite that, EIGEN price was up over 7% today, amid recent support from major crypto exchanges and other key developments.

EigenLayer Posts Phishing Links As X Account Gets Compromised

According to recent reports, the EigenLayer X account is hacked and posting phishing links, targeting the users. The leading on-chain analytics firm, PeckShieldAlert has issued a stark warning, urging investors to avoid clicking on the fraudulent links being shared. The warning from PeckShieldAlert reads:

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

Notably, CoinGape also cross-checked the issue and found that the project’s official X handle has recently posted a link. Sharing the link, it wrote:

We’re happy to announce that eligible participants for Season 2 have been reallocated EIGEN tokens!

Now that we are transitioning into Programmatic incentives, the remaining EIGEN supply for Season 2 has been redistributed.

Get started:

Source: EigenLayer, X

Meanwhile, this breach follows a growing trend of social media hacks, particularly on platforms like X and Discord. Many blockchain projects have fallen victim to these attacks in recent months, as hackers exploit security loopholes to promote malicious content.

Notably, the US SEC’s X account was also compromised earlier this year, posting a fake post on Bitcoin ETF approval. However, the FBI has recently arrested the hacker, who was behind the fake post.

Amid this, this latest compromised account of the project underscores the ongoing vulnerability that crypto projects face when using these platforms to engage with their communities. However, despite the initial concerns, the investors appear to be remaining confident in the project.

The resilience could be due to the security warnings that quickly came, helping users avoid falling into the phishing trap. In addition, the recent positive developments surrounding the project also appear to boost the market sentiment towards crypto.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.