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22 Mar 23

Arbitrum airdrop marred by Sybil attacks

Arbitrum’s upcoming airdrop for its new governance token, ARB, has reportedly encountered significant Sybil activity, exacerbated by what experts have called “ineffective” detection rules. According to an analysis by crypto security researcher X-explore, Arbitrum’s Sybil detection rules had flaws that were exploited by more than 279,328 same-person and 148,595 Sybil airdrop addresses. 1/8 We found […]
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21 Mar 23

Hacker exploits upcoming ARB airdrop

Reports indicate that a hacker has sent gas to about 2,400 crypto wallets in preparation for the upcoming Arbitrum ARB airdrop.  Phishing, scamming, and exploitation activities have always surged in crypto, especially during airdrops. Incoming reports indicate that a hacker’s wallet has been sending gas to crypto wallets with plans to exploit them in the […]
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