Inside Job? MYX Airdrop Scandal Hits $170 Million – Explosive Details Revealed

Another day, another crypto scandal—this time with a $170 million price tag.

The MYX Airdrop Debacle

Allegations swirl around potential insider manipulation as the MYX token distribution goes sideways. Whispers suggest team members might have gamed the system—because why let ordinary investors get their fair share when you can front-run the entire community?

Patterns of Suspicion

Multiple wallets received disproportionate allocations right before the public drop. Transactions timed suspiciously close to the announcement—almost as if someone had a crystal ball. Or a backdoor.

The Fallout

Token prices tanked 40% within hours of the airdrop. Retail investors got crumbs while mysterious addresses walked away with millions. The usual promises of 'transparency' and 'investigation' followed—because nothing says trust like promising to investigate yourself.

Just another reminder that in crypto, the house always wins—especially when the house writes the rules.

100 Wallets Funded, Then Claimed

According to blockchain trackers, about 100 newly created wallets were funded on April 19 and then used to claim airdrop rewards on May 7.

The timing and similarity of the transactions drew attention because the wallets followed an almost identical sequence of steps: funding, claiming, and then moving tokens.

Reports have disclosed that the total amount moved represented about 1% of MYX’s total supply, a large share for an early distribution program.

BREAKING: The $MYX team is directly tied to wallets that claimed $170M from their airdrop

Inside job?

Here’s what we knowpic.twitter.com/Kq1ubEgUBU

— Bubblemaps (@bubblemaps) September 11, 2025

Suspicious Transfers Point To Project Links

On-chain evidence has been presented that ties at least one of the claiming wallets to a creator-linked address. Investigators say wallet 0x4a31 sent nearly $3 million worth of MYX to a deposit address, 0xeb5A, which is alleged to be linked to a creator’s wallet, 0x8eEB.

These transfers formed part of the narrative that led observers to call the episode a possible Sybil attack — where one actor controls many addresses to claim disproportionate rewards.

MYX Finance has rejected claims that the Core team orchestrated a coordinated grab. The project acknowledged that some people asked to change addresses before launch and said some incentive streams had differing anti-Sybil protections.

Based on reports, the team emphasized that a separate campaign called “Cambrian” included stricter checks, and it said it will tighten protections going forward.

Market reaction was swift. Reports indicate the token price fell as trust eroded among traders and holders. Community voices on social platforms called for clearer audits and for the team to publish a transparent ledger of airdrop recipients.

Some holders demanded that questionable tokens be frozen or returned, while others warned that strong legal or regulatory moves could follow if proof of intentional misconduct appears.

Investigators say the on-chain patterns are suggestive but not conclusive proof of an inside job. According to reports, links between wallets rely on behavioral analysis and the trace of transfers; critics argue these methods can point to correlations without proving direction or orders.

Featured image from Meta, chart from TradingView