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EigenLayer has recently come into the spotlight due to the hacking of its social media accounts. The official X account reported phishing fraud, warning users about fake links. Despite these incidents, the price of the EIGEN token saw an increase of over 7% today, which is thought to be linked to support from cryptocurrency exchanges and other significant developments.
Account Hacking and Fraud Warnings
Recent reports have confirmed that EigenLayer’s X account was hacked, redirecting users to fraudulent links. Leading on-chain analysis firm PeckShieldAlert has called on users to stay vigilant against this scam.
The shared fake link includes the address “eligible-eigenfoundation[.]org.” Users are strongly advised not to click on this link.
Security Issues on Social Media
CoinGape confirmed the incident, stating that a fake message was posted from the official X account. The message indicated that EIGEN tokens were being redistributed and that programmatic incentives were being implemented.
Specifically, it claims that EIGEN tokens are being reassigned to eligible participants under “Season 2.”
This incident highlights the increasing security issues on social media platforms. Many blockchain projects on platforms like X and Discord have faced hacking incidents and malicious content.
For instance, the SEC‘s X account was also hacked earlier this year, leading to a false post about Bitcoin 
$103,467 ETF approval. The FBI apprehended the responsible hacker following this event.
This recent incident draws attention to the security risks faced by crypto projects in their social media interactions. However, despite initial concerns, it is observed that users’ trust in the project remains intact.
