Bubblemaps reports IRYS airdrop exploitation involving 900 Bitget-funded wallets, capturing millions in tokens within two days of launch.
Blockchain analytics firm Bubblemaps revealed that IRYS launched two days ago with 8% of tokens airdropped to early users. Around 20% of this airdrop was claimed by 900 wallets funded by Bitget prior to launch. The wallets transferred the $IRYS tokens to Bitget after launch, resulting in approximately $4 million in cash-out value. This finding highlights coordinated exploitation of token distributions within days of a project’s debut.