EigenLayer

Omni Network

Redacted

Beacon

Omni

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According to a recent&nbsp;<a href="https://twitter.com/PeckShieldAlert/status/1780789973962330235" rel="noopener noreferrer nofollow">alert</a> from blockchain security company Peck Shield, the value of a fake Omni Network (OMNI) token has plunged by 100%.&nbsp;
The deployer has dumped OMNI for 132.08 wrapped ETH (wETH), which is worth roughly $400,000 at current prices.
Peck Shield has noted that the rug pull token actually shares the same name as the legitimate one.&nbsp;
The fraudsters wanted to capitalize on the launch of the&nbsp;<a href="https://u.today/tether-usdt-finally-drops-its-initial-platform-omni-heres-why" rel="noopener noreferrer nofollow">OMNI</a> token that took place on Wednesday.&nbsp;
Omni Network is a platform that was created for integrating Ethereum rollups so that they would be capable of communicating with each other.&nbsp;
Last month, it secured a major delegation deal with liquid restaking protocol Ether.Fi, with the latter committing $600 million worth of ETH.&nbsp;
In April, Omni Network&nbsp;<a href="https://news.omni.network/the-omni-genesis-airdrop/" rel="noopener noreferrer nofollow">announced</a> the details of the OMNI airdrop. The ERC-20 cryptocurrency has a total supply of 100 million tokens. Only 3% of that sum was supposed to get distributed via an airdrop. Following its airdrop, eligible users will have the ability to claim their rewards over a period that will last 45 days.&nbsp;
Half of the airdrop is reserved for Omni community members (1.5 million OMNI tokens). The rest of the airdrop will go to EigenLayer restakers, Beacon Chain stakers,&nbsp; the holders of Milady Maker NFTs and Redacted Remilio Babies NFTs,&nbsp; Pudgy Penguins NFT holders, Ninjas NFT holders as well as strategic partner protocols.&nbsp;
On Wednesday, OMNI was listed on such major exchanges as Coinbase and Crypto.com.&nbsp;
However, following its launch on major exchanges, the price of the OMNI token plunged by more than 46%.&nbsp;

Fake Omni Network Token Drops 100%

U_Today

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