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Market
Consequences for LayerZero Employees Receiving Airdrops
5
Resolution / Starting Odds
Termination • 33%
Financial Penalty • 33%
No Action • 34%
Public disclosures or internal communications from LayerZero Labs
Story
LayerZero Labs to Exclude Sybil Farmers by May 18, Allows 15% Retention
May 6, 2024, 10:22 PM
LayerZero Labs, an omnichain interoperability protocol designed for lightweight message passing across chains, has announced a campaign to identify and exclude sybil farmers from its airdrop, allowing those who self-report by May 18 to retain 15% of their intended allocation. The company is collaborating with Chaos Labs and Nansen AI to conduct a sybil detection report, analyzing user transactions across all LayerZero applications. Additionally, LayerZero's CEO, Bryan Pellegrino, stated that employees are ineligible for airdrops and will face termination if found to have received them. The airdrop snapshot was completed on May 1.
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No significant change • 33%
Decrease in active accounts • 33%
Increase in active accounts • 33%
Contract termination • 33%
Financial penalties • 33%
No significant consequences • 34%
Legal actions taken against leakers • 33%
No legal actions taken • 33%
Internal disciplinary actions only • 33%
Financial penalty • 33%
Operational restrictions • 33%
Both • 33%
Most remain undetected • 33%
Significant number detected and penalized • 33%
All detected and penalized • 34%
Public Disclosure of Data Breach Details • 33%
Internal Disciplinary Actions • 33%
No Further Actions Taken • 33%