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.

Reports indicate that victims lost approximately $1 million worth of various wrapped ETH tokens, including swETH, mETH, and eETH. One unfortunate individual reportedly lost $800,000 worth of mETH after unknowingly signing a phishing permit.

🚨 Alert: Phishing Scam via @EigenLayer’s Twitter Compromise

Victims are being scammed for multiple wrapped ETH tokens, including swETH, mETH, eETH, and others, with total losses of ~1M so far.

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

— Hacken🇺🇦 (@hackenclub) October 18, 2024

In response to the breach, EigenLayer swiftly initiated a response, beginning with containment efforts within 20 minutes of detecting the compromise. They enlisted the help of 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

Moving forward, EigenLayer is focused on restoring full access to their Twitter account and has redirected official communications to @eigen_labs until further notice. They remain committed to investigating the incident thoroughly, 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

Digital Forensics: 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.

一个鲸鱼/机构 10/3-10/15 期间在链上使用 $3245 万 USDC 购买了 891.7 万枚 $EIGEN ，均价 $3.64。

昨天下午，我看到多个地址向 EigenLayer 质押合约存入 EIGEN，所以查看了一下。发现这些地址的 EIGEN 都是最近几天里在链上通过 USDC 买入，且这些 USDC 都是通过 跨链工具 DLN… pic.twitter.com/gEHnzhIavR

— 余烬 (@EmberCN) October 19, 2024

The discovery of 21 addresses linked to this investor underscores 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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