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21 May 2024
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Consensys-Backed Linea Suffered Sybil Attack, Delays LXP Mint

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.

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.

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.

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

The post Consensys-Backed Linea Suffered Sybil Attack, Delays LXP Mint appeared first on CoinGape.

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