Hack of Eric Semler’s X Account Promotes Solana Token, Leading to Wild Price Fluctuations

Eric Semler, the chairman of Semler Scientific, appears to have fallen victim to a hack on his X account, which was used to promote the launch of a new Solana-based token, trading under the ticker symbol SMLR — matching the company’s Nasdaq listing.

The posts, allegedly made by the hacker, claim that the token seeks to connect “institutional-grade Bitcoin exposure with a high-performance ecosystem offering deep liquidity and low fees” through its launch on Solana. Other messages mentioned that a significant portion of the token’s supply had been sent to top cryptocurrency exchanges.

The Solana-based token, which debuted on the Raydium decentralized exchange under the ticker SMLR, saw an initial surge of 300%. However, it quickly reversed course and fell dramatically, now down by 77% from its peak, as reported by DEXScreener data.

CoinDesk has reached out to Semler Scientific for a response to the hack and the subsequent token promotion.