LayerZero Flags 800,000 Potential Sybil Addresses, Down from 2 Million Identified Initially

cryptonews.com:

LayerZero Labs has identified a total of 800,000 addresses as potential sybil addresses, rendering them ineligible for the full token allocation.

Initially, the team had identified over two million addresses as potential sybils, but they later refined their criteria to minimize false identifications.

In a recent post on X, the team announced the end of the sybil self-reporting phase in their initiative to combat sybil activity, commonly known as “airdrop farming.”

The project aims to address the issue of users creating multiple fake accounts to gain unfair advantages in token allocations.

According to LayerZero, addresses meeting the specified criteria will receive 15% of their expected token allocation, while the remaining 85% will be redistributed to eligible users.

The complete list of addresses, including both self-reported ones and those identified through initial examinations conducted by LayerZero, Chaos Labs, and Nansen, has been made public.

On May 3, LayerZero introduced a self-reporting mechanism, offering sybil users 15% of their planned token allocation as a reward for honesty within a defined 14-day period. 

The team clarified that the initial analysis aimed to identify large-scale industrial sybil clusters and that the released list aims to exclude these clusters from bounty hunting eligibility.

However, it should be noted that the list is not considered definitive until the final report is published, as addresses may be removed or added as calculations are refined.

The sybil self-report phase has now concluded. Each self-reported address will receive 15% of its intended token allocation, with the remaining 85% returning to qualified users.

Between the sybil self-report and analysis by LayerZero, @chaos_labs, and