Connext Founder Says No Contract Exploit after One Address Claimed $NEXT Airdrop 200 Times

Connext Founder Says No Contract Exploit after One Address Claimed $NEXT Airdrop 200 Times

Layer2 interoperability protocol Connext's $NEXT airdrop is available to claim today. However, an issue was identified by the crypto community, where some users can claim the airdrop multiple times. There are suspicions that it's a bug that allows hackers to steal others' rewards.

As reported by crypto KOL olimpio, address 0x44af...6708 claimed the airdrop 200 times and sold all the $NEXT tokens for around $38,000.

In response to the problem, Connext founder Arjun said in Discord that this address is a sybil bot that used just a single address to claim for 200 addresses. Arjun also clarified that it's not a hack and there is no contract exploit. Currently, the airdrop claiming page is down. According to Arjun, the reason is that "Tokensoft got DOSd and went down because of the Sybil claim bot submitting many many requests all at once".

Related: Cross-Chain Project Connext Initiates Airdrop of 105 Million $NEXT Tokens, Starting Today

Source

DeFi

Cross-Chain

Airdrop

Security Incidents

In This Article

Related News
Omni Network launches 'Core' mainnet to unify Ethereum's fragmented rollup ecosystem Omni Network launches 'Core' mainnet to unify Ethereum's fragmented rollup ecosystem
Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51 Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51
Filecoin's largest protocol Glif set to airdrop 100 million tokens Filecoin's largest protocol Glif set to airdrop 100 million tokens
Radiant Capital hacker moves $52M in stolen funds Radiant Capital hacker moves $52M in stolen funds
Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham
Latest News More More
12 Hours Ago Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
12 Hours Ago Fetch.ai launches $10M accelerator for AI agent startups
1 Day Ago Fidelity’s spot bitcoin, ether ETFs post largest daily net outflows since inception
1 Day Ago Polkadot-based Phala Network launches Ethereum Layer 2 rollup
2 Days Ago Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open