Analysis: About 40% of 51 suspected Eigen Labs employee addresses choose to sell ETHFI, ALT, and REZ
On August 16, crypto analyst @defioasis posted on social media that it found 51 suspected Eigen Labs employee addresses through on-chain investigation, receiving a total of 487,933 ETHFI, 1,964,838 ALT and 1,335,090 REZ, with a peak value of more than $5.50 million. 41.3% of the addresses chose to sell ETHERFI; 41.5% sold ALT, 31.7% continued to pledge ALT; 40% sold REZ.
Previously, it was reported that a CoinDesk investigation found that employees of EigenLayer developer Eigen Labs had accepted millions of dollars in payments from other projects that relied on its technology, raising questions about potential conflicts of interest. One team claimed that it gave away a portion of the tokens as a "thank you" to each Eigen Labs employee. Each employee's share was ultimately worth $80,000. Eigen Labs said it only "sent the list to teams that had contacted Eigen Labs or its employees for airdrops," but one team said Eigen Labs sent it the list of addresses, even though the team did not ask Eigen Labs to send it.