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900 Wallets, $4M Missing: IRYS Airdrop Hit by Manipulation Claims


900 Wallets, $4M Missing: IRYS Airdrop Hit by Manipulation Claims

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  • 900 new Bitget-funded wallets claimed 20% of the IRYS airdrop.
  • Users appreciate the airdrop but worry about growing manipulation claims.
  • aPriori faced a large Sybil attack involving thousands of connected wallets.

The IRYS airdrop, one of the most talked-about token launches this month, is now under scrutiny after on-chain analytics platform Bubblemaps published findings hinting that a large portion of the distribution may have been claimed by coordinated Sybil wallets. 

They also shared new data showing that for 38 past tokens with major wallet clustering issues, more than half of the project teams listed the United States as their location, followed by Europe and India. 

Read The Full Article 900 Wallets, $4M Missing: IRYS Airdrop Hit by Manipulation Claims On Coin Edition.

Read the article at CoinEdition

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