EigenLayer Acknowledges Twitter Account Compromise, Denies System or User Data Breaches

EigenLayer, a prominent platform in the crypto community, faced a major security breach when their official Twitter account was compromised. Hackers used the account to post malicious tweets containing phishing links, resulting in significant financial losses for victims who fell prey to the scam.

prominent crypto platform EigenLayer faced a major security breach when their official Twitter account was compromised. Hackers used the account to post malicious tweets with phishing links, leading to significant financial losses for victims who fell prey to the scam.

According to reports, victims lost around $1 million in various wrapped ETH tokens, including swETH, mETH, and eETH. One victim reportedly lost $800,000 in mETH after unknowingly signing a phishing permit.

? Phishing Scam via @EigenLayer's Twitter Compromise

Victims are being scammed for multiple wrapped ETH tokens (swETH, mETH, eETH, etc), with total losses of ~1M so far.

Don't interact with any links posted! pic.twitter.com/sB18NOIhpS

— Hacken?? (@hackenclub) October 18, 2024

EigenLayer responded quickly to the breach, starting containment efforts within 20 minutes of detecting the compromise. They engaged security consultants and managed to secure the account by 11:00am ET the same day.

EigenLayer assured its community that an extensive internal investigation found no evidence of breaches across their systems or user data. They highlighted robust security measures, such as passkey 2FA and delegated access controls, which showed no signs of compromise.

Update to the EigenLayer Community:

This morning, at roughly 5:40am ET, the @eigenlayer twitter account was compromised, malicious tweets were posted containing phishing links, and we were locked out of the account.

Within 20 minutes, we were actively investigating and…

— Eigen Labs (@eigen_labs) October 19, 2024

The platform is now working to restore full access to their Twitter account and has directed official communications to @eigen_labs in the meantime. EigenLayer remains committed to thoroughly investigating the incident, including potential avenues of compromise via social engineering or phishing attacks.

JUST IN ?

Hackers compromised EigenLayer's Twitter account to push a phishing scam. ?

EigenLayer has acknowledged the breach but has not yet confirmed the recovery of their account.

Stay vigilant! pic.twitter.com/6x0XZbWRhL

— Bullish Times (@BullishTimes_) October 18, 2024

Whale Makes Significant Investment In EigenLayer's Native Token $EIGEN, EmberCN Confirms

In a separate development, EmberCN reported a significant investment in EigenLayer's native token, $EIGEN, by a whale or institution. This entity invested $32.45 million in USDC to acquire 8.917 million $EIGEN tokens between October 3 and October 15, at an average price of $3.64 per token. Multiple addresses associated with this investment were observed depositing $EIGEN into EigenLayer's staking contract, facilitated through cross-chain transfers via the DLN tool.

A whale/institution used $32.45 million USDC to purchase 8.917 million $EIGEN on the chain from 10/3 to 10/15, with an average price of $3.64.

Yesterday afternoon, I saw multiple addresses depositing EIGEN to the EigenLayer staking contract, so I checked it out. It was found that the EIGEN of these addresses were all purchased on the chain through USDC in the past few days, and these USDC were all purchased through the cross-chain tool DLN… pic.twitter.com/gEHnzhIavR

— Ember (@EmberCN) October 19, 2024

The discovery of 21 addresses linked to this investor highlights their substantial commitment to EigenLayer, positioning them as a significant stakeholder in the platform's ecosystem.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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