Eric Semler’s X Account Hacked, Promotes Solana-Based Token That Soars and Then Crashes
The X account of Eric Semler, chairman of Semler Scientific, appears to have been hacked, with posts promoting the launch of a Solana-based token, trading under the same ticker symbol, SMLR, as the company’s Nasdaq listing.
One of the posts from the compromised account highlighted that the token’s goal is to “bridge institutional-grade Bitcoin exposure” to Solana’s “high-performance ecosystem with deep liquidity and low fees.” Additional posts suggested that a significant portion of the token’s supply had been transferred to major cryptocurrency exchanges.
The newly minted token, launched on the Raydium decentralized exchange on Solana, saw an initial 300% surge in value. However, it quickly saw a dramatic reversal, dropping 77% from its peak, as per DEXScreener data.
CoinDesk has reached out to Semler Scientific for further comment on the incident.
