According to on-chain analytics platform BubbleMaps, a single entity appears to have executed a successful Sybil attack on the $ROBO token airdrop conducted by the Fabric Foundation. The attack, which occurred ahead of the token's launch on February 27, involved the deployment of over 7,000 newly created wallets.
BubbleMaps' analysis revealed that these wallets showed highly consistent on-chain behavior. They were funded via similar paths with Ethereum (ETH) sourced from seven different cryptocurrency exchanges approximately two months before the airdrop. The funds were then layered through multiple intermediate wallets in an apparent attempt to conceal their origin, indicating the operation was premeditated.
Collectively, these wallets claimed approximately 199 million $ROBO tokens, which amounts to 40% of the total tokens allocated to the community in the airdrop. At the token's launch price, this haul was valued at around $8 million. "Consistent patterns in the funding, timing, and movements out of these wallets point to one entity sybilling the airdrop," BubbleMaps stated on X.
The Fabric Foundation, a project building a network layer for robotics and backed by $20 million in funding from top VCs including Coinbase and Pantera, has responded to the allegations. A team member acknowledged the report, noting that BubbleMaps' review found no connection between the suspicious wallet clusters and any team, foundation, or investor wallets.
The team defended its airdrop process, stating it incorporated multiple anti-Sybil measures, including real-world GPS/location constraints, single-device participation, and wallet/activity-based heuristics. They admitted these measures reduced Sybil activity but did not fully eliminate it. The team emphasized that despite the manipulation, rewards were distributed to tens of thousands of real users and that their roadmap remains unchanged, focused on building a network for the "robot economy."
Since its launch, the $ROBO token has struggled in the market. According to Coingecko data, it is currently trading at approximately $0.02548 with a 24-hour trading volume exceeding $351 million. The token is down 26% from its launch and is within 2% of its all-time low of $0.02518, reached on March 19. It has also fallen nearly 58% from its peak valuation on March 2.
