LayerZero Labs Cracks Down on Insider Airdrop Participation

full version at coinedition

LayerZero Labs bans employees from participating in the project’s token airdrop.
Community watchdog scrutinizes over 500 transactions for insider airdrop claims.
LayerZero addresses Sybil’s attacks with a self-reporting initiative ending next week.

LayerZero Labs CEO Bryan Pellegrino has confirmed that all company employees will be strictly prohibited from participating in the upcoming airdrop of the project’s tokens. Per the disclosure, this policy has been internally communicated and will be enforced with severe consequences, including potential termination.

Pellegrino announced the airdrop policy in a recent post on X while responding to community concerns. In particular, he responded to observations made by user Liubomyr, who has been monitoring the wallets associated with the LayerZero team and moderators. With over 500 transactions under scrutiny, Liubomyr intends to uncover whether these insiders are receiving the airdrop.

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 b…