Some wallets that managed to escape the sybil detection process share a similar blueprint:
- Fresh wallets with no transaction history
- Inflows exclusively from CEX
- A few high value (>$500) bridge transactions
Rinse and repeat...
$ZRO #airdrop#layerzero
LayerZero @LayerZero_Fndn airdrop stats:
Out of ~700k addresses analyzed, 40k have been identified as part of 20+ wallet sybil clusters that claimed 2.47M $ZRO (~$8.5M).
This relatively low figure indicates that LZ's sybil hunting program succeeded in preventing large farmers from draining excessive value out of the ecosystem!
LayerZero @LayerZero_Fndn airdrop stats:
Out of ~700k addresses analyzed, 40k have been identified as part of 20+ wallet sybil clusters that claimed 2.47M $ZRO (~$8.5M).
This relatively low figure indicates that LZ's sybil hunting program succeeded in preventing large farmers from draining excessive value out of the ecosystem!
We've run a preliminary sybil analysis on the @zksync@TheZKNation $ZK token airdrop:
- 900 clusters of 10+ addresses are eligible for a total of 130M $ZK = $45M
- 200 clusters of 20+ addresses eligible for 52M $ZK = $18M
- 40 clusters of 50+ addresses eligible for 20M $ZK = $7M
@Artysimple1@PrimordialAA@aranimontes Hey! Appreciate your feedback.
Arbitrum was one of the airdrops that made sybils the most money. We identified 91 clusters of 100+ wallets that claimed the $ARB airdrop.
You can check a few examples on the arkham clusters:
We've run a preliminary sybil analysis on the @zksync@TheZKNation $ZK token airdrop:
- 900 clusters of 10+ addresses are eligible for a total of 130M $ZK = $45M
- 200 clusters of 20+ addresses eligible for 52M $ZK = $18M
- 40 clusters of 50+ addresses eligible for 20M $ZK = $7M
@TrustlessState@zksync@bankless We found 900 clusters of 10+ sybil addresses, eligible in total for 130M $ZK tokens ($45M at current pre-market prices). Prob a lot of selling pressure.
There are >3.5k addresses part of large farming operations (clusters of 50+ wallets) that are eligible for ~20M $ZK ($7M)
@3liXBT@CC2Ventures@Sicarious_ Yes of course, we will cross-match already flagged wallets, once these are published, with those we found and see which ones remain.
@3liXBT@CC2Ventures@Sicarious_ Nice, second challenge. We'll share with you the 100k+ wallets we found when Phase3 closes - you might find some of yours?
@CC2Ventures nah amateur hunters.. onchain-footprint is already there, it won't save farmers to stop now from transacting. Non-farmers are just over-careful
Our on-chain sleuths came across this impressive Arbitrum airdrop farmer:
- 1,503 addresses used
- 2,15M $ARB tokens farmed
Protect your airdrops!
Props to @DuneAnalytics for the data & @ArkhamIntel for the viz!
https://t.co/OcmOK9rMmI offers a breakthrough in preventing token airdrop abuse. With our advanced AI tools, ensure a fair distribution and protect your project from sybil attackers. Learn more today! #CryptoSecurity#Token#Airdrop
We published our first report on the airdrop farming of the @ethena $ENA airdrop:
- 2,4k sybil users claimed the airdrop
- $6M could have been saved by preventing sybil clusters from claiming on more than a single wallet
Check it out here: https://t.co/YeTk2Vefy1