LayerZero completes Sybil bounty program and distributes 10% of tokens to bounty hunters

LayerZero has completed the distribution of rewards for its Sybil bounty program, aimed at curbing fraudulent activities ahead of the ZRO token airdrop.

Layerzero bounty hunter list announced

Participants submitted a minimum of 20 addresses, using a transparent methodology, and received 10% of the intended token allocation for every verified Sybil address.

The list of qualifying bounty hunters is available on Commonwealth.im, a platform for blockchain transparency.

Layerzero Witch Bounty Program

Initially, over 2 million addresses were flagged, but detailed review reduced this to 803,093 addresses.

The program, launched on May 18, was paused for two days before resuming on May 28.

Participants deposited 0.5 ETH to a designated wallet to join the bounty program.

Airdrop Concerns

LayerZero announced the ZRO token airdrop in December 2023, prompting concerns about potential fraud.

Employee Restrictions

CEO Bryan Pellegrino highlighted that LayerZero employees were prohibited from claiming airdrop tokens, with violations being a fireable offense.

LayerZero anti-witch plan

LayerZero enlisted Chaos Labs and Nansen for thorough risk analysis to identify potential Sybil actors.

The Sybil bounty program allowed community members to assist in identifying fraudulent addresses, earning rewards for successful identifications.

The final list of qualified bounty hunters has been published, with the reward distribution event scheduled for 13:00 UTC on July 25.

Conclusion

LayerZero's proactive stance against Sybil attacks exemplifies its commitment to secure and transparent blockchain ecosystems.