One actor managed to snag 70% of the $WET token presale — not through luck, but by deploying over 1,000 wallets in a coordinated Sybil attack. The kicker? After securing the lion's share, they had the audacity to request a refund.
The wallet cluster has been traced back to a single entity. This kind of multi-wallet manipulation is becoming a textbook case of how presale mechanics can be gamed. Projects need tighter KYC and wallet limits, or we'll keep seeing whales dress up as plankton.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
4
Repost
Share
Comment
0/400
MEVvictim
· 12-05 14:49
Damn, 70% cut from 1,000 wallets? This is just blatant, and they still have the nerve to ask for a refund...
View OriginalReply0
RooftopReserver
· 12-05 14:45
LOL, another trick with a thousand wallets. These guys really know how to play.
View OriginalReply0
WalletDetective
· 12-05 14:34
Damn, this move is insane—1,000 wallets? And they still have the nerve to ask for a refund, haha.
View OriginalReply0
HappyToBeDumped
· 12-05 14:29
1,000 wallets farming airdrops, this is just too outrageous. The presale mechanism really needs to be changed.
A massive presale exploit just got exposed.
One actor managed to snag 70% of the $WET token presale — not through luck, but by deploying over 1,000 wallets in a coordinated Sybil attack. The kicker? After securing the lion's share, they had the audacity to request a refund.
The wallet cluster has been traced back to a single entity. This kind of multi-wallet manipulation is becoming a textbook case of how presale mechanics can be gamed. Projects need tighter KYC and wallet limits, or we'll keep seeing whales dress up as plankton.