One entity exploited $4 million worth of AVNT airdrops through more than 300 addresses.
Source: CoinWorld
Time: 2025-09-16 10:29:17
One entity coordinated a Sybil attack on more than 300 addresses, stealing about $4 million from AVNT airdrops. The Sybil attack against more than 300 addresses clearly demonstrates the coordination plan. Significant Sybil features include: initial financing through Coinbase; receiving USDC from a few senders; redemption on Avantis; receiving airdrop rewards; concentrating tokens to a few addresses; and transferring funds to centralized exchanges such as Bybit and Gate. Bubblemaps noted that similar to the MYX incident, these wallets were dormant before AVNT airdrops, with the patterns of fund injection and collection very similar, indicating a clear coordinated manipulation.