zkSync airdrop under fire for Sybil attacks and ineligibility cases
The long-awaited layer-2 blockchain zkSync airdrop checker was revealed today , with 17.5% of the token supply destined for 695,000 wallets. Despite the significant supply allocation, nearly 90% of all addresses that interacted with the blockchain got out of the reward distribution, sparking backlash from part of the crypto community on how Matter Labs fought against Sybil users.
The first controversy around the airdrop relates to the reward cap, which was 100,000 tokens. As highlighted by the user who identifies himself as Olimpio on X, 155 wallets surpassed this limit.
Mudit Gupta, Chief Information Security Officer at Polygon Labs, said that the zkSync airdrop was probably the “most farmable and farmed airdrop ever,” as it presented “no Sybil filtering” and anyone aware of the eligibility criteria could farm it easily.
Sybil is the term used to address users who fake interactions and use multiple wallets to become eligible. Since airdrops are a way to reward early adopters who engage with an ecosystem, they are considered harmful to those campaigns.
Adam Cochran, a partner at Synthetix, also stated the zkSync airdrop was not “a well-planned airdrop from a Sybil perspective.
“Those criteria are easy to not hit as a real user, and easy to hit as a farmer, and had no anti-sybil program. Real users could easily use 1-2 dapps or only a handful of tokens on your chain when it’s so new and has so few projects. Projects really need to put more thought into this stuff if they don’t want turbo dumping mercenaries,” said Cochran.
The user identified as “Artemis the Sybil Hunter” shared that Sybil accounts are bagging over 2 million ZK tokens by depositing identical Ethereum (ETH) amounts on the same day, resulting in 15,000 tokens airdropped to each wallet. What’s more, nearly all of them are flagged on the LayerZero Labs Sybil list,” he added. Further research suggests that the token volume allocated to Sybil users could be over 12.7 million.
https://twitter.com/artemis_rsch/status/1800463892352782345
Additionally, artificial intelligence-focused research firm Kaito AI measured the crypto community sentiment on X through their upcoming feature, finding out that users are not happy about Sybil attacks concerns, ineligibility related to those attacks, and a disparity in rewards.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AMD reports 3.3 million Class A share stake in SpaceX
Berkshire Hathaway, under Abel’s leadership for six months, significantly increases its holdings in Google; Class A shares rise to top five positions, with Q2 adding to airline and real estate stocks
In the second quarter, Berkshire Hathaway's holdings in the two classes of Alphabet, Google's parent company, increased by more than $17 billion in total market value. Among them, Class C shares rose more than sixfold from the first quarter, making it into the top ten holdings for the first time, while Class A shares increased by 45% and became the fourth-largest holding. The stake in Delta Air Lines, a new position in the first quarter, was increased by 44%, with an additional $2.6 billion in market value. The holding in real estate stock Lennar grew by 25%. Meanwhile, Berkshire further reduced its position in Bank of America, with a decrease of $1.72 billion in market value for the quarter; Capital One, a financial stock, was cut by 58%, and the holding in steel company Nucor was halved. Apple remained the top holding, with the position unchanged for two consecutive quarters.
AI financing concerns ferment, Broadcom plunges 7% intraday, $370 billion potential risk rings alarm
According to estimates by Bank of America, Broadcom’s chip financing projects could result in approximately $370 billion in senior debt by mid-2029, providing funding for 20GW of computing power, with around $150 billion in new debt potentially being added in 2027 alone. While Bank of America does not question Broadcom’s business fundamentals, the market is beginning to realize that if future AI computing power demand increasingly depends on massive financing platforms, the valuation logic of the AI industry chain must also simultaneously consider asset residual value, customer default rates, debt costs, and supplier guarantee obligations.
‘We proved them wrong’: Tether lands KPMG’s first ‘clean’ audit opinion
