Semler Scientific Chairman Eric Semler’s X account appears to be compromised. The various posts for that refer to what is assumed to be the creation of Solana-based tokens under the same trading symbols that companies trade on Nasdaq.
Accounts suggest that Token is trying to bridge “exposure to “facility-grade Bitcoin exposure” into a high-performance ecosystem with deep liquidity and low fees by launching tokens in Solana.” I shared the post.
Other posts suggest that the majority of the token supply has been sent to major cryptocurrency exchanges.
The newly launched token transaction with Solana-based decentralized exchange radium under the ticker symbol SMLR matches what was sent to the posts on hacked accounts, and has since risen 300% after launch, and has since been massive. It rose 300% before we saw a sharp drop.
DexScreener data shows that tokens have fallen 77% from the peak.
Coindesk contacted Semler Scientific for comment.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.