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Tensions in DeFi industry exposed by LayerZero’s anti-Sybil strategy
28.5.2024
LayerZero has identified 800,000 potential Sybil addresses so far, but the process has antagonized some community members
LayerZero Flags 800,000 Potential Sybil Addresses, Down from 2 Million Identified Initially
20.5.2024
LayerZero Labs has identified a total of 800,000 addresses as potential sybil addresses, rendering them ineligible for the full token allocation.
The post LayerZero Flags 800,000 Potential Sybil Addresses, Down from 2 Million Identified Initially appeared first on Cryptonews
LayerZero identifies over 800k addresses in sybil self-reporting phase
18.5.2024
Initially, the team identified over 2 million addresses as potential Sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification
Linea’s LXP Mint delayed due to Sybil activity surge
13.5.2024
The release of Linea Voyage XP (LXP) tokens of Consensys’ approach to increasing the capacity of the Ethereum Virtual Machine, Linea, has slowed down, stemming from an increase in Sybil activity. This is the act of people setting up several accounts to acquire benefits undeservingly. As a result...
LayerZero Labs Vows to Exclude Sybil Farmers From Upcoming Airdrop
6.5.2024
LayerZero Labs, a renowned cross-chain interoperability protocol, has vowed to tackle the issue of sybil farmers ahead of its highly anticipated airdrop.
The post LayerZero Labs Vows to Exclude Sybil Farmers From Upcoming Airdrop appeared first on Cryptonews
LayerZero tackles sybil activity with self-reporting mechanism
4.5.2024
LayerZero Labs will enforce consequences for those who don’t self-report by May 17, 2024
Io.net CEO Details Recent Sybil Attack and New Security Measures
29.4.2024
Io.net CEO Ahmad Shadid provides a detailed postmortem of the recent Sybil attack and outlines the company's response to enhance network security, addressing vulnerabilities exposed by GPU spoofing.
The post Io.net CEO Details Recent Sybil Attack and New Security Measures appeared first...
Token airdrops targeted by farm accounts and ‘Sybil attacks’
23.4.2024
Airdrop squatters are creating fake accounts on platforms for the sole purpose of farming airdrop tokens, thus taking away share from loyal users
Shocking Sybil Attack Uncovered: Individual Controls Over 21,000 Wallets on zkSync Network
12.9.2023
According to a recent X thread, it has recently come to light that an individual has orchestrated an incredibly sophisticated Sybil attack on zkSync, a layer-2 scaling solution for Ethereum.
This Sybil attack has given this individual control over a staggering 21,877 wallets within the network....
Connext Airdrop Marred by $38K Sybil Bot Attack
5.9.2023
Connext Network, a protocol that interacts with native blockchain bridges to optimize security, is the subject of intense scrutiny after one wallet appears to have exploited its NEXT token airdrop
Hop Protocol Rewards Sybil Hunters with Innovative Airdrop Tool – How Does it Work?
5.6.2023
As Sybil farming ahead of anticipated airdrops is becoming increasingly popular in the cryptosphere, Hop Protocol is unveiling a new initiative under which it will reward Sybil hunters for their diligence in combating Sybil attackers who target such airdrops.
Sybil attacks are carried out...
Sybil Millionaires: How Airdrop Hunters Trick Projects and Snatch Fortunes
10.4.2023
They maintain multiple accounts for the same project, stay undetectable and maximize profits from airdrops like those of Arbitrum, Aptos, Sui and others. Special report by Anna Baydakova
Arbitrum’s Governance Token ARB Ranks Within Top 40 Market Capitalizations Following Airdrop
25.3.2023
Following the Arbitrum token airdrop, ARB has become a top 40 cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000 listed digital currencies. Currently, there is a circulating supply of 1,275,000,000 ARB, and the Arbitrum Foundation’s DAO Treasury...
ARB Token Airdrop: Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency Asset
23.3.2023
A week ago, the Ethereum layer two scaling solution Arbitrum announced the launch of its native token called ARB, and since then IOU markets have launched giving some indication of how much the token may be worth. ARB claiming begins March 23 and when people get their coins on exchanges,...
Arbitrum Launches Native Governance Token ARB and Self-Executing DAO Governance Model
17.3.2023
The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 billion, and coins will be airdropped to the Arbitrum...
Moonbirds NFTs Retain the Top Spot but Suffer Sybil Attack
18.4.2022
Moonbird NFT consists of 8,888 non-fungible Moonbirds. The team defines Moonbird NFT as the next-generation deflationary protocol on Binance Smart Chain. Its governance token is MBIRD, and the reserve token is SBIRD. MBIRD allows the holder to participate in the governance system of Moonbird, while...
Failed Sybil Attack Targeted Monero Users, Privacy Is Safe
11.11.2020
Monero was targeted by an attempted Sybil attack that ultimately failed, according to reports from project developer Riccardo Spagni. AttackerContinue Reading
The post Failed Sybil Attack Targeted Monero Users, Privacy Is Safe appeared first on CoinMarketCap Blog