Compromise of Semler Scientific’s Chairman’s Account
Recently, the X account belonging to Eric Semler, chairman of Semler Scientific, appears to have fallen victim to hacking. This breach has led to a series of alarming posts promoting the launch of a new Solana-based cryptocurrency token. Intriguingly, the token is using the same ticker symbol as Semler Scientific’s publicly traded stock on Nasdaq.
Introducing the New Solana Token
One of the posts from the hacked account touted the token’s ambitions to connect “institutional-grade Bitcoin exposure to a high-performance ecosystem characterized by deep liquidity and low transaction fees.” This statement raises questions about the legitimacy and intentions behind the token’s launch on the Solana blockchain.
Alarming Market Movements
In addition to the promotional content, the posts indicated that a significant portion of the token’s total supply has already been dispatched to major cryptocurrency exchanges. This move suggests an attempt to facilitate trading and attract investors quickly.
Market Reaction: A Rollercoaster Ride
Shortly after its release, the newly minted token, trading on the Solana-based decentralized exchange Raydium under the ticker symbol SMLR, experienced a staggering 300% surge in its price. However, this initial excitement was short-lived, as the token soon faced a dramatic downturn, plummeting by 77% from its peak value. Current data from DEXScreener highlights this volatility, illustrating the unpredictable nature of the cryptocurrency market.
Awaiting Official Commentary
In light of these developments, CoinDesk has reached out to Semler Scientific for an official statement. The community eagerly awaits clarity on the situation and the potential implications for both the company and its stakeholders. As the story unfolds, it serves as a reminder of the vulnerabilities present in social media accounts and the cryptocurrency landscape.
