The blockchain gaming industry had an impressive 2021. Play-to-earn, move-to-earn, NFT games, and prices for all sorts of blockchain entertainment were surging. Newspapers ran glowing stories about bl...
Tag: Sybil
Here’s How Sybil Addresses Plunge Aptos (APT) Price
Aptos Foundation announced over 20 million APT tokens airdrop to its early testnet users. However, the airdrop caused the APT prices to plummet after Sybil addresses deposited a large number of APT to...
FTX Exchange’s Traumatic Side of the Sybil Attack and Losses Story: The Analysis – crypto.news
Crypto exchange organization FTX reportedly faced Sybil attacks and losses. The company lost 111, 260 EUROS, with the largest number of estimated accounts (66.35), while that of users being less. Whit...
DeFi Sybil attack created $7.5B fake TVL on Solana from ‘anon’ developers
An investigation led by CoinDesk has revealed that two brothers — Ian Macalinao and Dylan Macalinao — used pseudonymous developer profiles to inflate the TVL on Solana by $7.5 billion. Sybil Attacks T...
ETH L2 network Optimism takes this route to remove ‘sybil attackers’
The Ethereum Layer 2 network Optimism launched a token and new governance model in April. The team is supposed to distribute the token via an entire season of airdrops. In fact, the team also saw it a...
Moonbirds NFTs Retain the Top Spot but Suffer Sybil Attack
Moonbird NFT consists of 8,888 non-fungible Moonbirds. The team defines Moonbird NFT as the next-generation deflationary protocol on Binance Smart Chain. Its governance token is MBIRD, and the reserve...