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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

Last updated: December 13, 2023 6:16 AM
Published December 13, 2023 6:16 AM
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Last updated: December 13, 2023 6:16 AM
Published December 13, 2023 6:16 AM
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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Gopal Solanky - Crypto Research Analyst at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Research Analyst and Reporter with over 5 years of experience in DeFi, blockchain, crypto, IT, and financial markets. With a Bachelor's in Computer Applications, he brings a strong technical foundation to his analysis and reporting. Gopal focuses on breaking down complex topics for both seasoned investors and curious readers. His work has been referenced by publications like Business Insider and Vulture.com, highlighting his contributions to industry stories around topics like Huwak Tuah Memecoin and the FTX collapse.

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