Eigen Labs Exposed for Giving Employee Wallet Addresses to EigenLayer Ecology Project to Participate in Token Airdrops

Top crypto startup Eigen Labs has been exposed for providing employee wallet addresses to the EigenLayer ecosystem project in order to participate in token airdrops, which at their peak amounted to nearly $5 million, according to CoinDesk. The practice has raised concerns about conflicts of interest, especially since some projects have not requested it, and Eigen Labs and its nonprofit organization, the Eigen Foundation, have banned employees from participating in such airdrops this year, saying it could undermine the project's “trusted neutrality.” The company emphasized that it has taken steps to ensure transparency and trust.