Coinspeaker
LayerZero to Begin Reward Distribution for Sybil Bounty Hunters
Blockchain interoperability giant LayerZero is set to distribute rewards to Sybil bounty hunters starting July 25. This exercise follows its self-reporting program that led to the identification of over 800,000 suspected Sybil addresses.
This program became a necessity after LayerZero announced an upcoming ZRO token airdrop back in December 2023. At the time, Bryan Pellegrino, co-founder and CEO of LayerZero Labs, expressed concerns about maintaining integrity within the airdrop process, particularly with regard to company employees taking part. He noted, via an X post, that the staff had been warned internally. The statement read in part:
“Every LayerZero labs employee is 100% restricted from claiming and has no eligibility – it will be a fireable offense.”
The firm saw the need to safeguard the distribution process from exploitation by individuals creating multiple fake accounts. So, it sou
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