LayerZero Identifies 803,093 Sybil Addresses, Announces Bounty Hunt Starting May 18th

May 18, 2024, 12:14 AM

LayerZero Labs has concluded its sybil self-reporting phase, identifying 803,093 addresses as potential sybils, down from an initial 2 million flagged addresses. Each self-reported address will receive 15% of its intended token allocation, with the remaining 85% going to qualified users. The preliminary sybil analysis was conducted in collaboration with Chaos Labs and Nansen.ai, initially identifying 338k Sybil addresses. A community bounty hunt will begin within two weeks, offering a reward of 10% of a sybil’s intended token allocation for reporting at least 20 sybil addresses. The bounty hunt starts on May 18th and ends on May 31st.