Both are cheaters. But I'm on the team side.

I'm sure the team knows that there are lots of cheaters and for sure they can't find it one by one because of the participant numbers.
Many bounty hunters cheated by using too many accounts which is seriously unfair for the legit participants. And the token team, despite knowing this, they can't do anything about it except for delaying the token distribution because they know if they distribute it too fast, the token will be dipping real hard and can harm the value.

I think it would be great if the token team implement the KYC system for distribution, although it won't help much, at least it'll make the dishonest participants tired.