The social media platform X account behind a new Ethereum (ETH) ‘restaking’ protocol has been compromised weeks after the token’s launch.
According to PeckShieldAlert, the social media account belonging to EigenLayer (EIGEN) was hacked with a phishing link this morning.
“EigenLayer X account has been compromised. Do*NOT* click the phishing link eligible-eigenfoundation[.]org”
It is not yet known how many people fell victim to the phishers. According to DeFi Llama, the protocol is the second-largest project on Ethereum with over $11 billion in total value locked (TVL). The account promoted multiple phishing scam links before being shut down.
The EigenLayer X account has since removed all tweets and has yet to comment on the situation. The post came in the form of a link to an airdrop invitation, which led users to a malicious site.
EigenLayer is an Ethereum-based restaking protocol that launched earlier this month on the same day of its Coinbase listing.
The protocol aims to allow users to reuse their staked ETH or other Liquid Staking Tokens (LSTs) to secure Eigenlayer ecosystem decentralized applications (DApps). The approach attempts to maximize staked asset utility while contributing to the general security of the ETH ecosystem.