LayerZero Labs Takes Action Against Insider Airdrop Participation: A New Era for Cryptocurrency Transparency (LZL)

• LayerZero Labs has issued a ban on its employees, prohibiting them from participating in the project’s token airdrop.
• A community watchdog is scrutinizing over 500 transactions for potential insider airdrop claims.
• The company is addressing Sybil attacks with a self-reporting initiative that ends next week.

LayerZero Labs takes a firm stand against potential insider trading, banning employees from the project’s token airdrop and addressing Sybil attacks with a self-reporting initiative.

LayerZero Labs Imposes Airdrop Ban on Employees

LayerZero Labs CEO, Bryan Pellegrino, has confirmed a strict policy prohibiting all company employees from participating in the upcoming airdrop of the project’s tokens. This policy, which has been communicated internally, will be enforced with severe consequences, including potential termination. Pellegrino announced this airdrop policy while responding to community concerns about potential insider trading.

Community Watchdog Monitors Transactions