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aPriori Faces Scrutiny After 60% of Tokens Go to One Participant

Key Takeaways

  • ​One participant reportedly claimed 60% of aPriori’s airdropped tokens, using about 14,000 linked wallets funded through Binance;
  • Analysts suspect automated wallet creation as new wallets kept appearing after the first round of claims;
  • aPriori has not addressed the allegations, as its X account has posted only once since the October 23 airdrop launch.

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aPriori Faces Scrutiny After 60% of Tokens Go to One Participant

Web3 firm aPriori, supported by Pantera, has remained silent after questions about how its recent APR token giveaway was handled.

According to Bubblemaps, a crypto-tracking platform, nearly 60% of tokens from the latest airdrop went to a single participant. The tokens were spread over about 14,000 wallets that seem to be connected.

Each of those wallets had been topped up with small amounts of BNB BNB $934.64 , about 0.001, sent from Binance $18.1B . After the tokens were claimed, they were moved again to new addresses.

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Bubblemaps also reported on November 11 that the same group kept opening and funding new wallets to claim more tokens even after the first round of activity. This raised concerns that one person or team might be using automated methods to exploit the airdrop system.

The giveaway started on October 23, before the APR token, based on BNB Chain, passed a market value of $300 million. Around 12% of the total token supply had been set aside for this event.

Since then, aPriori's official X account has posted only one unrelated update since announcing the airdrop.

Blockchain investigator ZachXBT stated:

Still no reply from the co-founder, the way they have given zero transparency makes them look no different from scammers.

Recently, an incident on Hyperliquid left its Hyperliquidity Provider (HLP) vault down by nearly $5 million. How? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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