The social NFT platform for content monetization, Zora, has found itself embroiled in controversy following the airdrop of its eponymous token.\u00a0<\/p>\n
A week ago, the exchange Coinbase introduced a new trend Coin everything<\/span>, which was quickly adopted by the Base ecosystem, as noted in a Telegram channel<\/a> by representatives of the AML<\/span> service BitOK. The ZORA token received backing from the official account of the L2 solution.<\/p>\n Days later, the social platform’s team confirmed the airdrop. Base again provided support but did not mention any investments in the project, as clarified by BitOK.<\/p>\n On April 23, users began receiving ZORA without prior warnings. Community members criticized<\/a> the platform for the lack of official statements.<\/p>\n According to BitOK, the Zora team sent almost the entire drop to their own wallets.\u00a0<\/p>\n Some of these addresses were linked to exchanges Bybit and KuCoin, raising suspicions of corruption in asset distribution. Wallets with more than 100 million ZORA were also noted.<\/p>\n \u201cThey definitely appropriated some of the coins and certainly sold them before the announcement,\u201d ForkLog was told by BitOK founder Dmitry Machikhin.<\/em><\/p>\n<\/blockquote>\n He emphasized that initially, Zora representatives owned 65% of the total token allocation. According to the speaker, his team will conduct an independent investigation and gather evidence to prove their guilt.<\/p>\n \u201cThe market is currently in a phase of airdrops and meme coins, which scammers exploit for quick profit,\u201d Machikhin stated.<\/em><\/p>\n<\/blockquote>\n A drop hunter under the nickname Anton ProfiT shared his experience participating in the ZORA distribution.\u00a0<\/p>\n The $ZORA<\/a> token airdrop is a prime example of total injustice in Web3.<\/p>\n ? Instead of fairly rewarding active users, the @Zora<\/a> team: \u2014 ????? ?????? (@AntonProfiT) April 24, 2025<\/a><\/p><\/blockquote>\n \n
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A Case in Point<\/h2>\n
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1\ufe0f\u20e3 Sent nearly the entire drop to their own wallets
2\ufe0f\u20e3 Gave pennies to regular users who spent real money minting and growing the ecosystem
3\ufe0f\u20e3\u2026 pic.twitter.com\/USkPeNF3TX<\/a><\/p>\n