LayerZero Concludes 'Witch' Surrender Phase, Prepares For Bounty Hunting

According to BlockBeats, LayerZero announced on May 18th that the 'witch' surrender phase has now ended. Each surrendering address will receive 15% of its expected token allocation, with the remaining 85% returned to eligible users. Following the witch surrender and analysis by LayerZero, Chaos Labs, and Nansen, 803,093 addresses were identified as potential witches. This number initially exceeded 2 million, but stricter standards were adopted to minimize 'false positives'. After the surrender period ends, the bounty hunting phase will immediately begin. 'Reporters' need to provide at least 20 addresses detailing witch operations to receive 10% of the expected token allocation of the witch address. In cases where multiple people report the same address, the bounty will be awarded to the first reporter. The preliminary list of witch addresses identified in the initial analysis has been published, but this list should not be considered final until the final report is released. The final list of witches will be announced after the bounty hunting ends on May 31st.