zkSync, an Ethereum zero-knowledge Layer-2 scaling resolution, is below hearth from the cryptocurrency group on account of allegations of inadequate measures in opposition to Sybil assaults throughout its current 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 had been eligible for the airdrop, outlining seven standards aimed toward stopping Sybil assaults; nevertheless, critics remained unconvinced of their effectiveness.
Adam Cochran, a accomplice at Cinneamhain Ventures, additionally criticized the eligibility standards, claiming they had been straightforward for respectable customers to overlook and equally straightforward for Sybil attackers to fulfill.
Crypto analytics agency Nansen stepped in to make clear its function, stating it supplied knowledge on particular pockets segments, together with these belonging to “whales and identified 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 prevented strict anti-Sybil measures, as that would exclude real customers by means of arbitrary filters.
Sybil Horror 6, a Sybil-tracking X account, used knowledge from LayerZero Labs to estimate that 135 million ZK tokens would possibly find yourself in Sybil wallets. Primarily based on ZK’s pre-market value on Aevo, these tokens could possibly be value 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 not too long ago confronted backlash for trying to trademark the time period “zero-knowledge” (ZK) in 9 international locations, which it later deserted.
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