Eric Semler's X Account Hacked, Promotes Solana-Based Token
The token, trading under the ticker symbol SMLR, saw a 300% rise after launch but then plummeted.
The X account of Semler Scientific chairman Eric Semler has seemingly been compromised, with various posts from it pointing to the supposed creation of a Solana-based token under the same trading symbol that the firm trades under at Nasdaq.
The account shared a post suggesting that the token is looking to bridge "institutional-grade Bitcoin exposure to a high-performance ecosystem with deep liquidity and low fees" by launching the token on Solana.
Other posts suggest a large percentage of the token's supply has been sent to leading cryptocurrency exchanges.
A newly launched token trading on Solana-based decentralized exchange Raydium under the ticker symbol SMLR, whose address matches the one sent to the hacked account's posts, saw a 300% rise after launch before seeing a massive plunge.
The token is now down 77% from its peak, according to DEXScreener data.
CoinDesk has reached out to Semler Scientific for comment.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
