Blockchain analytics firm Bubblemaps has raised alarms over what it describes as a possible record-breaking Sybil attack, tracing around 100 newly created wallets that claimed $170 million worth of MYX tokens during a recent airdrop. In a post on X dated September 9, the firm alleged that the wallets collectively secured 9.8 million MYX, equivalent to roughly 1% of the token’s supply. Bubblemaps argued that the suspicious activity appeared coordinated, pointing to identical funding and claiming patterns ...

MYX Finance, the decentralized derivatives platform, has denied recent allegations of fraud and manipulation with the MYX token airdrop. The exchange has been in the spotlight after its native cryptocurrency MYX gained 1200% in the last two days. Some analysts have warned of a possible rug pull, citing several red flags in the project. MYX Finance Faces Airdrop Fraud Allegations The surge in the popularity of MYX Finance over the past week comes with its own share of criticism. Blockchain analytics pl ...