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Semler Scientific Chairman’s Twitter Account Compromised, Solana-Based Token Launched
Account Shares Posts Suggesting Creation of Token with Same Trading Symbol as Nasdaq-Traded Company
The Twitter account of Eric Semler, chairman of Semler Scientific, has been compromised, with various posts suggesting the creation of a Solana-based token under the same trading symbol as the company’s Nasdaq listing.
According to the compromised account, the token aims to bridge “institutional-grade Bitcoin exposure to a high-performance ecosystem with deep liquidity and low fees” by launching the token on Solana.
Large Percentage of Token’s Supply Sent to Leading Exchanges
Other posts suggest that a large percentage of the token’s supply has been sent to leading cryptocurrency exchanges.
Newly Launched Token on Solana-Based Exchange Raydium Sees 300% Rise, Then Plunges
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.
According to DEXScreener data, the token is now down 77% from its peak.
Semler Scientific Reaches Out for Comment
CoinDesk has reached out to Semler Scientific for comment.
FAQs
- What is the purpose of the token? The token aims to bridge “institutional-grade Bitcoin exposure to a high-performance ecosystem with deep liquidity and low fees” by launching the token on Solana.
- How much of the token’s supply has been sent to leading exchanges? A large percentage of the token’s supply has been sent to leading cryptocurrency exchanges.
- What is the current price of the token? According to DEXScreener data, the token is down 77% from its peak.
- Has Semler Scientific commented on the incident? CoinDesk has reached out to Semler Scientific for comment.
Conclusion
The compromise of Eric Semler’s Twitter account and the launch of a Solana-based token under the same trading symbol as Nasdaq-traded Semler Scientific has raised concerns about the security of the company’s online presence and the potential risks associated with the token’s creation. As the situation continues to unfold, it remains to be seen how the incident will impact the company’s reputation and the token’s future performance.
