$MYX Team Accused in $170M Airdrop Scandal – Inside Job Now Confirmed?

Blockchain analytics firm Bubblemaps has escalated allegations of misconduct against decentralized exchange MYX Finance, claiming the project’s core team is directly tied to wallets that siphoned $170 million worth of MYX tokens from a recent ￰2￱ firm’s findings raise questions about what may be one of the largest Sybil attacks ever recorded in the crypto ￰3￱ Analysis Ties MYX Creator to Wallets Behind Suspicious Token Claims The controversy first surfaced on September 9 when Bubblemaps published an analysis pointing to around 100 newly created wallets that claimed 9.8 million MYX tokens , roughly 1% of the project’s supply. @bubblemaps has flagged a possible $170M Sybil attack in the @MYX_finance airdrop, alleging 100 wallets secured 1% of supply. #Crypto #MYX #Airdrop ￰0￱ — ￰4￱ (@cryptonews) September 10, 2025 Valued at more than $170 million at the time, the tokens were allegedly secured in a coordinated fashion, with each wallet funded through OKX on April 19 and later claiming tokens simultaneously on May ￰5￱ described the pattern as “the biggest airdrop Sybil of all time.” MYX, which saw its fully diluted valuation soar to $17 billion within 48 hours of launch, was quick to defend ￰6￱ project acknowledged that some users requested address changes before launch, but denied any ￰7￱ a statement, MYX Finance insisted that its reward campaigns were designed to remain open and inclusive, even allowing large-scale participation, and pledged to strengthen Sybil protections in the ￰8￱ explanation, however, did little to ease ￰9￱ returned with fresh evidence today, saying its new analysis shows a direct connection between MYX’s creator wallet and one of the addresses involved in the suspicious activity. 2/ Two days ago, we revealed how one entity claimed $170M from the $MYX airdrop with 100 freshly funded wallets At the time, no signs pointed directly to the MYX core team But new evidence changed that ￰1￱ — Bubblemaps (@bubblemaps) September 11, 2025 According to the blockchain data , the trail began with the creator’s wallet, 0x8eEB, and extended across multiple chains, eventually linking to wallet ￰10￱ address, Bubblemaps said, matched the same funding and claiming patterns as the 95 other Sybil wallets identified ￰11￱ stood out, the firm noted, was that wallet 0x4a31 sent $2.8 million worth of MYX to a deposit address, 0xeb5A, which has been linked directly to the project’s creator.) September 9, 2025 MYX also stressed that it respected participation from all users, including those with extensive ￰12￱ Bubblemaps has dismissed these responses as ￰13￱ analytics firm described MYX’s statement as vague and even likened it to an AI-generated reply, questioning the project’s willingness to address the specific on-chain links uncovered.

“Be MYX Finance, launch your token, run an airdrop campaign, 100 Sybil addresses receive 1% of the supply, go from 0 to $20B FDV overnight, and drop a long, vague GPT reply,” Bubblemaps ￰14￱ investigation is ongoing, and MYX has yet to provide a detailed rebuttal to the direct wallet connections presented by Bubblemaps. $MYX Price Falls Amid Renewed Focus on Team-Led Sybil Attack on Airdrop $MYX has come under pressure following fresh scrutiny over a suspected airdrop ￰15￱ Daily Price Chart