LayerZero Labs Concludes "Sibyl Report" Submission Period, Publishes List of Over 800,000 Potential Sybils, Offering 15% Airdrop to Rule-Admitting Users

In a significant development in the cryptocurrency sector, LayerZero Labs has officially closed the submission period for its "Sibyl Report" and has published a comprehensive list containing 803,093 potential sybils. This announcement marks a critical step in the company's ongoing campaign to ensure fair token distribution of their ZRO tokens.

The initiative, which aimed to identify clusters of sybils, initially flagged over 2 million addresses as potential sybils but was narrowed down after applying stricter criteria to minimize false positives. The published list is preliminary and is intended to be refined further to remove significant clusters of addresses. LayerZero Labs emphasized that users should not view this list as final, as a complete report will be published later.

Users who voluntarily confessed to violating the participation rules in the token distribution campaign are set to receive 15% of the planned airdrop, a move that underscores LayerZero Labs' commitment to fairness and transparency. The acknowledgment of these violations is part of the company's strategy to encourage honesty and integrity within its community.

Additionally, LayerZero Labs highlighted the collaborative efforts with Chaos Labs and Nansen in identifying users who breached the campaign's rules. This collaboration underscores the industry's united front in tackling issues related to sybil attacks, which are fake identities that could manipulate token distribution and voting systems in decentralized networks.

The company also reminded the community of the ongoing "Sybil Hunt" campaign, which runs from May 18 to May 31, 2024. Participants in this campaign can earn a 10% reward by providing information about sybils, with each report required to contain at least 20 addresses. This incentivized approach aims to engage the community in active surveillance and reporting, enhancing the protocol's security and integrity.

As the blockchain and cryptocurrency industry continues to evolve, initiatives like the "Sibyl Report" and "Sybil Hunt" campaign are vital for maintaining the ecosystem's health and sustainability. LayerZero Labs remains at the forefront of these efforts, setting an example for other entities in the sector to follow.