Follow us on:

cc_icon

Post: Token Farmers Exploit Upcoming Airdrop: Starknet’s Ethereum L2 STRK Tokens at Risk

Token Farmers Exploit Upcoming Airdrop: Starknet’s Ethereum L2 STRK Tokens at Risk

Key Points:

  • The upcoming airdrop of Ethereum L2 STRK tokens from Starknet has attracted the attention of token farmers.
  • According to Yearn Finance developer banteg, 1,854 individuals allegedly renamed or deleted their accounts after a blockchain snapshot was taken for the airdrop.
  • Banteg claims that 1,175 out of the 1,854 renamed accounts have identical historical GitHub IDs.
  • Excluding these accounts from the airdrop snapshot would significantly reduce the number of eligible wallets.

Token Farmers Exploit Upcoming Airdrop

According to Yearn Finance developer banteg, the highly anticipated airdrop of Ethereum L2 STRK tokens from Starknet may be dominated by token farmers. Banteg reports that 1,854 individuals allegedly renamed or deleted their accounts after a blockchain snapshot was taken for the airdrop. This suggests an attempt to manipulate eligibility for the airdrop. Notably, 1,175 of these renamed accounts have identical historical GitHub IDs, which raises suspicions of fraudulent activity. If these accounts are excluded from the airdrop snapshot, it would significantly reduce the number of eligible wallets by over 700,000.

Hot Take

The alleged actions of token farmers to manipulate their eligibility for the Starknet airdrop highlight the challenges and risks associated with airdrop distributions. This incident underscores the need for more robust verification processes to ensure that airdrops are allocated to genuine users who are actively participating in the respective protocols. Implementing measures to prevent such manipulation could help maintain fairness and legitimacy in airdrop distributions, ultimately benefiting the broader crypto community.

Recent Posts
Social Media
Twitter
Email
Telegram
Facebook
Offers
CheekyCrypto Membership Platform
Hardware Wallets
Bitget
Swissborg
Plutus Card