MYX AirDrop is facing $ 170m Sybil Attack Claims while Bubblemaps raised Red Flags
Blockchain Analytics BubbleMaps firm has already claimed what it claims to be Sybil’s largest attack in crypto history, recognizing nearly 100 freshly funded purses that claim 9.8 million MYX tokens, worth $ 170 million, from a recent airdrop.
In a series of x Posts During Wednesday, the bubblemaps announced that the purses had received the same BNB value (Bnb) From the crypto exchange OKX for a few minutes of each other, almost a month before the airdrop.
“Everyone talks about MYX hitting a $ 17B FDV of 20X under 48 hours,” Bubblemaps wrote. “But we’ve seen something unusual. Something that nothing is mentioned,” he added.
Analytics firm noted that these wallets have no previous activity and claimed MYX at about the same time, around 5:30 am on May 7. “It’s hard to believe it is random,” said Bubblemaps, suggesting that it could be “largest Airdrop Sybil of all time.”
Related: Token Airdrops that are targeted by farm accounts and ‘Sybil Attacks’
MYX responded to the claims in Sybil
In response to Sybil claims, the MYX Finance defended The distribution of its token, which insists that the rewards are based on actual contributions to trading and liquidity. It also noted the anti-Sybil protections under the “Cambrian” campaign.
However, the platform admitted that some high-volume users have requested changes to the address before launching and said requests allowed to encourage participation.
“As a decentralized ongoing Dex (decentralized exchange), we always prioritize the user’s participation, and even in cases where a single creature participates broadly, we recognize and respect that participation,” MYX said.
Bubblemaps have removed MYX’s response as unclear and become AI-generated, claiming that “somehow makes things more suspicious.”
At the time of writing, MYX traded at $ 17.33, up to 6.47% on the previous day, according to data from CoinMarketCap. However, it dropped more than 12% from all times high $ 18.52 registered on Tuesday.
Related: Whales, Sybil and low confidence attacks: Can the DAOs avoid pitfalls in centralization?
Within a 30,000-phone AirDrop Farm
As reported by Cointelegraph magazine in July, crypto airdrop manipulation has become a sophisticated business. In Vietnam, Mirai Labs CEO Corey Wilton Toured on a phone -packed phone farm With over 30,000 devices, each is equipped with SIM cards, spoofed IPs, and unique fingerprints, to simulate real users and exploit token giveaways.
The operation is beyond farming. Its main business is to do: collecting old phones, changing them and selling “Airdrop Farm Kits” worldwide. These kits, which contain nearly 20 phones each, give consumers to plug in and immediately start spoofing activity in many wallets.
Controlling a single master device, hundreds -a phones can operate in sync, which is ideal for the binding of Sybil detection systems used in most web3 campaigns.
