Watch Out: Suspected Fraud Involving a Listed Altcoin on Major Exchanges

Blockchain analysis platform Bubblemaps has detected serious suspicions of manipulation in the APR token airdrop of the aPriori project, which is backed by prominent investors.

According to the company, 60% of aPriori’s airdrop on BNB Chain, which had previously raised $30 million in funding, was claimed by a single entity across approximately 14,000 linked addresses.

According to reports, all of these wallets were newly funded on the Binance exchange, each receiving 0.001 BNB, and these transactions occurred within narrow timeframes. These wallets then transferred their APR tokens to other newly created addresses. Bubblemaps indicates that these transactions were coordinated by a single entity based on on-chain cluster analysis.

aPriori is among the most anticipated projects in the Monad ecosystem. The project launched its APR token on the BNB Chain on October 23rd and quickly reached a market capitalization of $300 million. Prior to the mainnet launch, 12% of the total supply was distributed through an airdrop campaign.

However, this discovery raises serious questions about the fairness of the distribution process. Bubblemaps stated, “This project raised $30 million from top-tier investors, but 60% of the airdrop was collected by a single entity. It’s unclear how these addresses were deemed eligible.”

The platform added that it has attempted to reach out to the aPriori team but has yet to receive a response. The entity is reportedly continuing to collect tokens from the APR airdrop by funding new wallets.

*This is not investment advice.

Source