28.92M Celestia’s TIA Airdrop Claimed by Sybil, Airdrop Hunters

• Researcher X-explore exposes widespread manipulation in token distribution.
• Sybil groups and airdrop hunters claimed over 55% of Celestia’s TIA token airdrop.
• The bad actors diverted over 28.92 million TIA tokens from the airdrop with at least 106,491 wallets.

A concerning trend has been observed following the airdrop of TIA tokens that marked the mainnet beta launch of the modular blockchain Celestia. According to the findings, more than half of the recipients of Celestia’s TIA airdrops were dishonest actors, otherwise called Sybil Groups or airdrop hunters. 

In a recent report, renowned blockchain researcher X-explore disclosed that about 40% of the addresses that received the Celestia airdrop are either Sybil groups or airdrop hunters. For context, Sybil groups and airdrop hunters may be seen as entities that exploit a system by creating multiple fake identities to gain an unfair advantage.

The researcher noted that these Sybil groups are detectable when considering the flow of funds from multiple airdrop addresses into a single wallet. X-explore claimed to have distinctly tracked tokens from the 138,981 wallets participating in Celestia’s native toke…

The post 28.92M Celestia’s TIA Airdrop Claimed by Sybil, Airdrop Hunters appeared first on Coin Edition.