The X account of Eric Semler, chairman of Semler Scientific, was hacked. The hacker used the account to promote a new Solana-based token, SMLR, which shares the same ticker symbol as Semler Scientific on Nasdaq. The token aimed to provide “institutional-grade Bitcoin exposure” with low fees and high liquidity on the Solana blockchain. Following its launch, the token experienced a dramatic 300% price increase on the Raydium decentralized exchange. However, this surge was short-lived, with the token’s value plummeting by 77% from its peak, as reported by DEXScreener. The hacker also claimed that a significant portion of the token’s supply was distributed to major cryptocurrency exchanges. Semler Scientific has been contacted for comment on this incident.
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