Bubblemaps: A single entity siphoned off 4 million USD in AVNT Airdrop through over 300 addresses.

robot
Abstract generation in progress

According to Wu, it has been reported by Bubblemaps that an entity coordinated a Sybil attack through over 300 addresses to siphon approximately 4 million USD from the AVNT airdrop. This witching behavior was clearly orchestrated, conducted across more than 300 addresses, with obvious witch characteristics including: obtaining initial funding via Coinbase; receiving USDC from a small number of senders; performing exchange operations on Avantis; claiming airdrop rewards; pooling tokens to at least a few addresses; and simultaneously transferring funds to centralized trading platforms like Bybit/Gate. Bubblemaps indicated that, similar to the MYX incident, these wallets were all dormant before the AVNT airdrop, with the funding injection and claiming patterns being highly consistent, indicating clear coordinated manipulation.

BMT2.27%
AVNT11.76%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)