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DeFi News

Jito Identifies Multiple Sybil Attackers in Its JTO Airdrop

Sybil attackers pretend to be distinctive entities while operating multiple identities.

Written By Gopal Solanky
Published 2023-12-13
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Jito Identifies Multiple Sybil Attackers in Its JTO Airdrop

A liquid staking protocol on Solana, Jito, has identified a major Sybil attack on the recently launched airdrop of its JTO token.

Jito shared that Sybil abusers posed a major challenge by submitting multiple entries and ruining the integrity of the airdrop. These attackers participated in the JTO airdrop by creating numerous addresses to appear distinct.

🧵 [1/5] Sybil Abusers posed a major challenge in the $JTO Airdrop. Such attackers create multiple addresses to appear as distinct entities, threatening the integrity of the Airdrop distribution.

Thanks to @AlliumLabs, the Jito Foundation was able to identify a number of them! pic.twitter.com/VLEsbTnPB6

— Jito (@jito_sol) December 12, 2023

With the help of Allium Labs, Jito managed to identify such attackers and proceeded to remove a significant number of airdrop points for them.

Jito recently started distributing JTO tokens to eligible users for its airdrop – which is estimated to give away over 90 million JTO tokens, amounting to approximately $240 million.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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