Crypto News

Consensys-Backed Linea Suffered Sybil Attack, Delays LXP Mint

Linea halts LXP token mint to combat Sybil attacks, ensuring genuine participation. $LINEA airdrop details to be revealed on May 11, 2024.
Consensys-Backed Linea Suffered Sybil Attack, Delays LXP Mint

Highlights

  • Linea halts LXP token distribution due to Sybil attack, ensuring genuine participation with enhanced verification.
  • Linea collaborates with PoH and Verax to remove fake identities, securing future token distributions.
  • $LINEA airdrop details to be revealed on May 11, 2024, amid increasing industry efforts to combat Sybil attacks.

The blockchain community Linea, backed by Consensys, has encountered a significant challenge in its operations.

Linea identified Sybil’s activity, which managed to avoid its verification systems, and temporarily stopped the distribution of its non-transferable token, LXP. This step, consequently, aligns with Linea’s vision of having a human-centric and genuine ecosystem.

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Sybil Activity Disrupts LXP Mint

Linea announced in a series of tweets that Sybil’s action had been detected and blocked. This act of fraudulence entailed fake identities being created by people, so attestations given to one user could be gotten by many.

This finding, as a result, led Linea to suspend the LXP token distribution, highlighting the need for the tokens to be allocated to real participants.

Collaborating with Proof of Humanity (PoH) issuers and Verax, Linea is actively annulling attestations for addresses recognized as Sybils. This action purges the system of fake participants and secures the credibility of future token distributions.

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Ensuring Authentic Participation

For Linea, the main issue is the genuineness of the community members. LXP is a non-transferrable token, and therefore, it still has to go through an extensive verification process to ensure it is awarded to real people.

Linea’s dedication to this verification process emphasizes its commitment to maintaining a community of true human interaction rather than automated or fraudulent activities.

The proactive actions of Linea are aimed at providing a sense of comfort to its clients that the company is doing something to safeguard their interests. As per the thread, the team is working to solve the problem and return the LXP minting process to normal as soon as possible.

According to the Linea community, the ultimate purpose is that the distribution of tokens should be fair and right.

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Upcoming $LINEA Airdrop and LayerZero Steps

Concurrently, the Linea team reminded its community that the official dates for the $LINEA airdrop would be announced during a Twitter AMA scheduled for May 11, 2024, at 11:00 AM and 1.00 PM UTC. This announcement is timely as the industry is increasingly interested in fighting Sybil attacks and ensuring equitable token distribution.

For instance, LayerZero Labs recently introduced a self-reporting mechanism to combat Sybil’s activity, with a 15% token allocation for honest disclosures, according to May 17, 2024.

This move indicates a more significant industry shift towards transparency and accountability concerning token distribution. LayerZero’s method entails a snapshot made on May 1, 2024, to decide who qualifies for its airdrop and serves as an organized system to control Sybil’s activity.

Read Also: Former PayPal Chief Predicts Bitcoin Lightning as Future Norm for Corporate Transactions

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Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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