Eric Semler’s X Account Hacked, Promotes Solana-Based Token with a 300% Spike and Rapid Decline
Eric Semler, the chairman of Semler Scientific, appears to have fallen victim to a hack, with his X account seemingly compromised. Posts from the account promoted a new Solana-based token bearing the same ticker symbol, SMLR, as the firm’s Nasdaq-listed stock.
One post from the hacked account described the token as aiming to “bridge institutional-grade Bitcoin exposure to a high-performance ecosystem with deep liquidity and low fees” by launching on Solana. Other posts indicated that a significant portion of the token’s supply had been distributed to major cryptocurrency exchanges.
The newly launched token, trading on the Solana-based decentralized exchange Raydium under the ticker SMLR, initially surged by 300% after its launch. However, the token’s value quickly plummeted, falling 77% from its peak, according to data from DEXScreener.
CoinDesk has reached out to Semler Scientific for further comment on the situation.
