Web3 startup aPriori has been shut down following new allegations about its latest token drop, with onchain analysts citing unusually concentrated distribution patterns.
About 60% of recent aPriori (APR) code airdrops have been He claimed By a single entity across 14,000 interconnected entities Cryptocurrency walletsAccording to blockchain analytics platform Bubblemaps.
The wallets were newly funded through cryptocurrency exchange Binance with 0.001 BNB (BNB Bank) all over a short period, Bubblemaps said. After that, all addresses sent their Annual Percentage Rate (APR) allocations to new wallets.
Bubblemaps said on November 11 that the mysterious entity that claimed 60% of the airdrop allocation was still funding new wallets to claim more of these tokens. mail.
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A priori Fired It was claimed to airdrop on October 23, shortly before the native BNB token of BNB Chain surpassed $300 million in market capitalization. About 12% of the APR token supply is allocated to the airdrop.
In August, aPriori raised $20 million To expand its trading infrastructure platform, with participation from Pantera Capital, HashKey Capital, Primitive Ventures and others, bringing its total funding to $30 million.
The San Francisco-based company was founded in 2023 by former quantitative traders and engineers with experience at Coinbase, Jump Trading, and Citadel Securities.
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Apriori remains silent after allegations of insider activity
Apriori’s organization has not yet addressed the allegations related to the airdrop. Since announcing the airdrop claim on October 23, its official X page has only published one unrelated article mail Sunday.
“No response yet from the co-founder, and the way they haven’t given any transparency makes them look no different than scammers,” books onchain investigator ZachXBT in a post on Tuesday
However, a high concentration of airdrop distribution is not necessarily due to indoor activity, but may also indicate developed airdrop farms.
In cryptocurrency, a professional airdrop farmer (or squatter) is an entity that interacts with emerging protocols solely for airdrop rewards, often using multiple wallets to multiply the rewards.
In March 2023, Airdrop Hunters were revealed The tokens were consolidated worth $3.3 million Arbitrum’s ARB airdropped 1,496 wallets to just two wallets they controlled.
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