The launch of the Solana-based WET token by HumidiFi has been reset after its presale was compromised by a significant number of Sybil wallets. These wallets, controlled by single entities to simulate unique participants, exploited the event to gain an unfair allocation of tokens. The incident underscores a growing vulnerability in decentralized fundraising mechanisms and token distribution events. In response, the HumidiFi team has nullified the initial presale results and is implementing new, undisclosed safeguards for a forthcoming relaunch. The event has drawn commentary from industry analysts, with Bubblemaps CEO Nick Vaiman highlighting a concerning rise in such Sybil attacks across presales and airdrops. Vaiman advocates for enhanced preventative measures, including Know Your Customer (KYC) verification or advanced algorithmic detection systems, to ensure fair distribution and protect legitimate participants. This reset highlights the ongoing challenges projects face in balancing decentralization with security and equitable access during critical launch phases.
