A single entity embezzled US$4 million in AVNT airdrop through more than 300 addresses

Odaily Planet Daily News According to Bubblemaps, an entity coordinated the Sybil attack through more than 300 addresses to embezzle about $4 million from AVNT airdrops. This witch behavior was obviously coordinated and scattered among more than 300 addresses. The obvious witch characteristics include: obtaining initial funds through Coinbase; receiving USDC from a small number of senders; redemption operations on Avantis; claiming airdrop rewards; collecting tokens at least number of addresses; and simultaneously transferring funds to centralized trading platforms such as Bybit/Gate. Bubblemaps said that similar to the MYX incident, these wallets were dormant before AVNT airdrop, and the fund injection was highly consistent with the application model, and there was obvious collaborative manipulation.