Following widespread criticism of its airdrop strategy, Eigen Foundation has announced significant revisions, including the distribution of 100 more EIGEN tokens to over 280,000 wallet holders.

The move comes in response to community dissatisfaction with the initial airdrop plan.

Under the revised plan, Season 1 claimants are guaranteed a minimum of 110 EIGEN, while Season 2 participants will receive a minimum of 100 EIGEN.

EigenLayer, the development arm of Eigen Foundation, emphasized that investor tokens will commence vesting only after token transferability begins, slated to commence after September 30.

This decision follows intense scrutiny of Eigen Foundation's handling of the airdrop, particularly criticism regarding restrictions preventing claimants from liquidating their allocations for a set duration. Despite requests for comment from The Block, Eigen Foundation has yet to respond.

In a blog post, EigenLayer clarified that investor tokens' vesting will coincide with token transferability, scheduled to commence post-September 30, 2024, coinciding with the rollout of new features on Eigenlayer's mainnet.

Additionally, Eigenlayer developers have committed to rectifying exclusion errors, promising to update missed testnet user allocations as part of Phase 2 of Season 1. Further details on this initiative are expected in the coming weeks.

ZachXBT Alleges North Korea's Lazarus Group Red Handed : $200 Million Laundering Scandal🇰🇵

A comprehensive investigation by ZachXBT alleges that North Korea's Lazarus Group laundered a staggering $200 million worth of cryptocurrency into fiat currency between August 2020 and October 2023.

The probe, spanning four years, meticulously scrutinized over 25 exploits across various blockchains.

The findings reveal a complex web of illicitly acquired funds funneling through mixers, peer-to-peer marketplaces, and centralized exchanges, illustrating the intricate mechanisms employed to siphon funds from the crypto ecosystem.

ZachXBT underscored the widespread impact of Lazarus Group's activities, asserting that "thousands of people in the space have been impacted directly and indirectly." The group is notorious for employing sophisticated cyberattacks to perpetrate large-scale crypto exploits. Previous incidents linked to Lazarus Group include the $100 million Harmony bridge exploit in January 2023 and the Ronin bridge hack in March 2022, as reported by The Block.

The investigation sheds light on the persistent threat posed by cybercriminal organizations like Lazarus Group, highlighting the urgent need for enhanced security measures within the crypto industry to safeguard against such malicious activities.

Friend.Tech's Native Token $FRIEND Hits Trading 🔵

The eagerly awaited native token for decentralized social platform Friend.Tech has made its grand entrance into the trading arena. Friend.Tech mandates users to fulfill certain in-platform requirements to qualify for token claims, adding an intriguing layer to its ecosystem.

The token, a cornerstone of Web3 social media, is now actively trading on its decentralized exchange within the Base network.

Currently valued at $3 per token, with approximately 14.5 million tokens in circulation, Friend token's debut garnered attention, according to DexScreener.

FriendTech, which emerged last August on the Ethereum Layer 2 network Base, has been making waves with its exclusive, invite-only networking service. This service is powered by social tokens named "Keys," granting users access to exclusive chats and content curated by creators.

The token's rollout coincided with the launch of FriendTech's version 2 (v2), introducing exciting new features like "Clubs," community spaces managed by key holders. Club transactions will utilize Friend tokens, with a 1.5% transaction fee directed to liquidity providers on its DEX. To claim airdropped tokens, users must join a Club and follow at least 10 users on FriendTech.

Originally slated for April 29, the token and v2 launch faced a brief delay, now scheduled for Thursday. FriendTech confirmed via X on April 27 that it had successfully completed the snapshot for the May 3 airdrop distribution.

Ranked as the ninth-largest protocol on Base, FriendTech boasts a total value locked of approximately $30 million, according to DeFiLlama, further solidifying its position within the burgeoning decentralized landscape.

$WBTC Holder Suffers $71 Million Loss In Address Poisoning🧪

A staggering loss of over $71 million worth of wrapped bitcoin (WBTC) has rocked the cryptocurrency community, shedding light on the perils of sophisticated cyberattacks.

The victim, identified through on-chain transfers on the Etherscan blockchain explorer, inadvertently transferred 1,155 WBTC to the purported attacker's address.

The attack, believed to be an instance of "address poisoning," involves the creation of a counterfeit wallet address resembling the victim's. Unsuspecting users may fall prey to this ruse, directing funds to the wrong destination. In this case, the attacker's address has been flagged as "fake" and "phishing" on the Ethereum blockchain explorer.

WBTC, an ERC-token pegged 1:1 with bitcoin, facilitates seamless integration within the Ethereum ecosystem. At the time of the incident, WBTC traded at $61,644.23, showcasing a 3.95% increase over the past 24 hours, according to The Block Prices page.

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