zkSync, an Ethereum zero-knowledge Layer-2 scaling answer, is below hearth from the cryptocurrency group on account of allegations of inadequate measures in opposition to Sybil assaults throughout its latest token airdrop.
Critics argue that the distribution of its zkSync (ZK) tokens was poorly managed, permitting potential exploitation by these using a number of wallets to unfairly declare tokens.
Mudit Gupta, Chief Data Safety Officer at Polygon, voiced his criticism on June 11, describing the zkSync airdrop as “essentially the most farmable and farmed airdrop ever.”
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On the identical day, zkSync introduced that 695,232 wallets have been eligible for the airdrop, outlining seven standards geared toward stopping Sybil assaults; nonetheless, critics remained unconvinced of their effectiveness.
Adam Cochran, a companion at Cinneamhain Ventures, additionally criticized the eligibility standards, claiming they have been simple for reputable customers to overlook and equally simple for Sybil attackers to fulfill.
Crypto analytics agency Nansen stepped in to make clear its position, stating it offered information on particular pockets segments, together with these belonging to “whales and recognized scammers,” however didn’t conduct anti-Sybil checks or advise on token allocations for the airdrop.
However, decentralized finance (DeFi) researcher Ignas famous that zkSync intentionally averted strict anti-Sybil measures, as that might exclude real customers by means of arbitrary filters.
Sybil Horror 6, a Sybil-tracking X account, used information from LayerZero Labs to estimate that 135 million ZK tokens would possibly find yourself in Sybil wallets. Based mostly on ZK’s pre-market worth on Aevo, these tokens may very well be price as much as $50 million.
The controversy surrounding the airdrop highlights the challenges of balancing honest distribution and efficient Sybil assault prevention.
Matter Labs, the developer of zkSync, has additionally lately confronted backlash for making an attempt to trademark the time period “zero-knowledge” (ZK) in 9 international locations, which it later deserted.
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