EigenLayer X Account Hacked, Investors Warned Amid Phishing Scare

• Investors are being warned not to click on links posted by the official X account.
• EigenLayer X account is allegedly being used for targeting users with phishing links.

After news broke that the EigenLayer project’s social media account had been hacked, the initiative once again attracted the interest of the community. Investors are being warned not to click on links posted by the official X account of the project. Which has been found to publish phishing schemes. 

Nevertheless, due to recent support from major crypto exchanges and other important events, the price of EIGEN rose by around 12.18% in the last 24 hours, trading at $3.60 as per data from CMC.

An abducted EigenLayer X account is allegedly being used for targeting users with phishing links. Investors are strongly advised not to click on the fake links that have been disseminated, according to PeckShieldAlert, the top on-chain analytics business.

Uptick in Similar Incidents

This hack comes after an uptick in similar incidents on social networking sites, namely X and Discord. Hackers have been using security weaknesses to push harmful information. And several blockchain projects have been hit hard in the last few months.

Earlier this year, a phony post announcing the approval of a Bitcoin ETF was also posted by an imposter using the US SEC’s X account. The FBI, however, has now apprehended the hacker responsible for the false post.

While this is taking place, the most recent hack of the project’s account shows how crypto projects are always at risk when they use these platforms to interact with their users. The investors, however, seem to be maintaining their faith in the idea despite the early reservations.

The prompt security alerts that helped consumers escape the phishing trap may have contributed to the resilience. Furthermore, it seems that the market sentiment towards crypto has been boosted by the recent favorable events around the project.

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