Lately, the cryptocurrency scene has witnessed a surge in cunning acts, particularly noted in various crypto projects, revolving around fake farming involving Sybil attacks. These deceptive maneuvers entail the creation of phony online identities to artificially inflate network activities and secure maximum tokens during profitable airdrop occurrences that have transpired over recent years.

Diving into recent events, the Degen Team, in a decisive move, has stepped up actions to curtail these deceitful activities by expelling approximately 2,000 users suspected of orchestrating phony Degen farming schemes, stressing a zero-tolerance approach towards such manipulative actions. Users engaging in coordinated schemes to garner tokens through subpar content contributions on well-known platforms have faced the brunt of these measures, as the Degen team unequivocally states the repercussions awaiting such violators.

The deceptive strategies employed in airdrop events are not confined to the Memecoin project alone. On April 4, Bitget Wallet, a stalwart in the realm of Web3 wallets, vowed to dock airdrop points from users resorting to emulators and cloud-based phones to forge wallet sign-ups, downloads, and thereby amass illicit BWB token rewards, reaffirming the sanctity of integrity and fairness for all participants, while deterring any practices contrary to the ethical code governing the event.

Embracing the enforcement of integrity and fairness, Bitget Wallet's airdrop campaign, extended till April 27, offers users avenues to earn rewards through referrals, token deposits, and DeFi exchanges. Earlier in the year, prominent DeFi developer Banteg brought attention to a matter concerning the Ethereum Layer-2 protocol Starknet and its airdrop event, unveiling a painstaking review that uncovered 1,854 individuals altering or deleting their accounts post-snapshot. Further scrutiny unearthed an estimated 701,544 addresses allegedly tied to replicated or altered GitHub accounts overseen by airdrop pursuers.

In the midst of these revelations, the Starknet airdrop event endured persistent participation from airdrop hunters, briefly eclipsing a fully diluted valuation exceeding $20 billion following its launch, with scheduled continuance until June, despite the raised concerns over dubious practices. The timeline of this event serves as a beacon, showcasing the ongoing challenges confronting the cryptocurrency sphere as it grapples with ensuring transparency, security, and trust in the face of evolving adversarial tactics aiming to exploit systemic loopholes for personal gains.