Lighter: Witch Account Points will be redistributed to accredited traders; dual-token/stake structure will not be adopted in the future.
TL;DR
Lighter uses an anti-fraud algorithm to identify fake accounts and redistribute points to genuine traders, with an appeal process for disputes. The company confirms token transfers are for investor and team allocations, not airdrops, and will not adopt a dual-token structure.
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On December 28th, Lighter founder and CEO Vladimir Novakovski stated in the community Space that the anti-fraud algorithm uses data science and clustering methods to identify accounts that are not genuine users. The points in "spelled" accounts will be redistributed to qualified traders. An appeal mechanism is in place for spelled fraud screening, and so far, the number of appeals is lower than expected. If users feel the algorithm is unfair, they are welcome to fill out the built-in appeal form on Discord. Specific algorithm details will not be disclosed to prevent targeted optimization. Lighter is confident in the final spelling determination results, but if a misjudgment is indeed found, please appeal.
Furthermore, the large amounts of tokens transferred to trading platforms are unrelated to airdrops; they are for safeguarding the allocated shares for investors and the team. The ultimate goal is to accumulate value in tokens, not equity, and a dual-token/equity structure will not be adopted in the future.