Chaos

LayerZero

Security

<h2 id="key-points">Key Points</h2>
<ul>
 <li>LayerZero Labs CEO Bryan Pellegrino says that employees are not eligible for the upcoming airdrop of the project.</li>
 <li>The initial snapshot for its token airdrop has been completed on May 1.</li>
</ul>
<p>LayerZero CEO Bryan Pellegrino confirmed the other day that employees of the LayerZero Labs are not eligible for the upcoming airdrop of the project. They are reportedly strictly forbidden from claiming the airdrop’s tokens.</p>
<p>On his X account, Pellegrino said that all LayerZero Labs employees are 100% restricted from claiming the airdrop and have no eligibility. He said that this would be a fireable offense and has been announced internally for a while now. Also, this was always a rule in place.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 <p lang="en" dir="ltr">Will announce something publicly about this, every LayerZero labs employee is 100% restricted from claiming and has no eligibility — it will be a fireable offense and has been announced internally for some time and has always been the case</p>
 <p>— Bryan Pellegrino (臭企鹅) (@PrimordialAA) <a href="https://twitter.com/PrimordialAA/status/1787660605870215498?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 7, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The CEO was then asked about the possibility of employees being allocated LayerZero tokens for owning non-fungible tokens from <a href="https://crypto.ro/en/news/binance-decides-to-terminate-bitcoin-nft-backing-amid-rising-demand/" rel="noopener noreferrer nofollow">NFT</a> collections such as Pudgy Penguins. He <a href="https://twitter.com/PrimordialAA/status/1787696573859942702" rel="noopener noreferrer nofollow" target="_blank">responded</a> by saying that they cannot claim them.</p>
<p>LayerZero <a href="https://twitter.com/LayerZero_Labs/status/1785821562475839843" rel="noopener noreferrer nofollow" target="_blank">completed</a> the initial snapshot for its potential airdrop on May 1.</p>
<p>LayerZero is an interoperability protocol that aims to offer developers the ability to build cross-chain apps with modular security parameters. LayerZero Labs is the most important contributor to this protocol.</p>
<p>According to the <a href="https://layerzero.network/" rel="noopener noreferrer nofollow" target="_blank">official website</a>, the protocol relies on immutable on-chain endpoints, a configurable Security Stack, and a permissionless set of Executors to transfer censorship-resistant messages between chains.</p>
<h2 id="layerzero-s-sybil-detection-report">LayerZero’s Sybil-detection report</h2>
<p>Earlier today, the project shared valuable information about Sybil Report on their X account.</p>
<p>They noted that LayerZero has been working with important names in the industry, such as Chaos Labs, and Nansen AI, to conduct the Sybil detection report.</p>
<p>The analysis will reportedly consider every user’s total transaction weighted across all LayerZero apps with the goal of aligning TGE with developers and long-lasting users. This will be co-published after the Sybil self-report deadline.</p>
<p>The team also noted that they had received inbound requests from users who had mistakenly self-reported as Sybil. They said that the site will have a “Cancel Sybil Report” option that starts today at 12 PM PST. This will be live through the end of the self-reporting period on May 18.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 <p lang="en" dir="ltr">Sybil Report<br>LayerZero has been working with industry-leading partners <a href="https://twitter.com/chaos_labs?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@chaos_labs</a> and <a href="https://twitter.com/nansen_ai?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@nansen_ai</a> to conduct our sybil detection report. This analysis will consider every user’s total transactions weighted across all LayerZero applications with the goal of aligning TGE with… <a href="https://t.co/5WmSHhQSYx" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/5WmSHhQSYx</a></p>
 <p>— LayerZero Labs (@LayerZero_Labs) <a href="https://twitter.com/LayerZero_Labs/status/1787608904177746004?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 6, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Sybil farming involves the creation of multiple wallets controlled by a single user. The aim is to generate significant activity on a network or protocol in order to maximize the airdrop benefits.</p>

LayerZero CEO: Employees Are 100% Restricted From Upcoming Airdrop

Table of Contents

crypto.ro global

Other articles published on May 7, 2024

Astar Network’s New Grant Supports Emerging Tokens to Launch on Astar zkEVM

Shiba Inu (SHIB) Achieves Remarkable Progress with Successful Bor Heimdall Hard Fork Implementation

Bitcoin ‘as strong as ever’ with record high 200-day moving average

HKMA Spearheads CBDC Interoperability With Ensemble Project Sandbox

Philosopher Yuval Noah Harari warns of AI’s risks in finance

Shiba Inu’s Shibarium Completes Its Hard Fork, Pepe Traders Flock To New Meme Coin Sensation

Join our free newsletter for daily crypto updates!