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Read more: Eigen Labs Acquires Rio Network to Enhance EigenLayer Ecosystem
The uproar resulted from a CoinDesk report that Eigen Labs employees received airdropped tokens from projects within the EigenLayer ecosystem. According to the report, Eigen Labs is alleged to have shared wallet addresses belonging to its employees with several such projects seeking to carry out these airdrops, a potential conflict of interest.
The airdrops, totalling around $5 million, were initially seen as gestures of appreciation. However, they have raised questions about the transparency of EigenLayer’s operations.
EigenLayer reacted fast to protect itself, debunking claims of bribery or any other wrongdoing. The project has maintained that there is no evidence to prove that employees pressured teams to unfairly benefit Eigen Labs.
The company explained that listing employee wallets at Eigen Labs is done for token bonuses, in appreciation of their efforts on the token listings, and has since instituted measures to ensure not to give the slightest impression of impropriety.
EigenLayer is a project famous for its ingenuity in securing Ethereum‘s validator network through restaking. Since going live, the progress has been enormous: it has onboarded over $100 million in venture capital and hit over $10 billion in TVL within a year alone.
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