[Single Entity Suspected of Exploiting $170 Million in Tokens from MYX Airdrop via Sybil Attack]
Blockchain analytics platform Bubblemaps posted on X, pointing out that a single entity is suspected of exploiting $170 million worth of tokens from the MYX airdrop through a Sybil attack. Bubblemaps tracked approximately 100 addresses whose on-chain activities were completely identical, showing a high degree of coordination.
According to the analysis, these addresses received funding via OKX one month prior to the airdrop, with all transactions concentrated around 6:50 AM on April 19. Each address received a similar amount of BNB. Subsequently, these addresses claimed approximately 9.8 million MYX tokens, accounting for 1% of the total token supply. Most of the addresses initiated claims simultaneously around 5:30 AM on May 7, and prior to this, there was no on-chain activity from these addresses, indicating that their behavior was not random. Bubblemaps stated that this could be the largest Sybil attack on an airdrop in history.
