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Thursday, October 10, 2024
Welcome to the world of VC, also known as vulture capital.
Eigenlayer, the poster child of Ethereum's restaking revolution, just got a $6 million lesson in email security 101.
In a plot twist worthy of a B-grade hacker flick, their sophisticated token distribution strategy amounted to "send us an email with your ETH address."
Unsurprisingly, a digital Danny Ocean waltzed right in, changed an address and walked away with a cool 1.67 million EIGEN tokens.
As the team scrambled to explain how they got phished harder than your grandma on AOL, we're left wondering: is this the crack team we're trusting with almost $11 billion in TVL?
In this week’s game of "Whoops, Where'd the Tokens Go?", are we watching a masterclass in social engineering, or did someone's fingers get a little too sticky in the EIGEN cookie jar?
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We are all rekt.