LAYERZERO LABS CEO ANNOUNCES PAUSE OF SYBIL 'BOUNTY-HUNTER' PROCESS AFTER INFLUX OF REPORTS

Summary from the TLDR Crypto newsletter

LayerZero's CEO, Brian Pellegrino, announced that the Sybil hunting phase of their airdrop program would pause for a couple of days to fix the design. The protocol's highly-anticipated airdrop tasked users with Sybil hunting, finding clusters of wallets owned by the same entity, and reporting them for 10% of their token rewards. Since the start of the program, LayerZero has received over 3,000 bounty reports and 30,000 appeals. Going forward, it may introduce a .02 ETH bond and other design changes to reduce spam reporting.