The MegaETH presale has been targeted by a Sybil attack, with over 20 entities using multiple wallets to bypass the $186,000 maximum allocation limit, according to Bubblemaps. One notable instance involved the address 0x9f5c, which withdrew funds from Kraken and distributed them across three new addresses, collectively investing $600,000 using these four addresses. Despite Echo's implementation of KYC verification for all users, individuals are reportedly attempting to make multiple investments under different identities.
MegaETH Presale Faces Sybil Attack with $600,000 Investment
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