Serum

Solana

Jupiter

Multicoin

Raydium

According to on-chain sleuth Zachxbt, the official Twitter account of the Solana-based decentralized finance project Serum, which had over 200,000 followers, has been renamed &#8216;Luka.&#8217;
The original Serum account is speculated to have been sold to a different user since all the previous tweets have been deleted.
<ul>
<li>Sharing a screenshot of the account, ZachXBT <a href="https://twitter.com/zachxbt/status/1649116171726393344?" target="_blank" rel="noopener" data-wpel-link="external">revealed</a> that its PFP avatar was replaced with Milady NFT and was used for promoting &#8220;shitcoins.&#8221;</li>
<li>For the uninitiated, Serum was founded in August 2020 by a consortium that included the Solana Foundation as well as the now-collapsed Sam Bankman-Fried’s FTX and trading desk Alameda Research.</li>
<li>Serum received funding from Multicoin Capital alongside FTX.com and FTX US.</li>
<li>It was once heralded as a core decentralized exchange platform and liquidity provider for Solana&#8217;s DeFi ecosystem.</li>
<li>The events leading up to FTX&#8217;s bankruptcy filing forced Solana DeFi projects like Raydium and Jupiter to cut off ties with Serum.</li>
<li>Several exchanges, such as Upbit and Binance, <a href="https://cryptopotato.com/binance-removes-trading-pairs-for-ftx-linked-serum-token/" target="_blank" rel="noopener" data-wpel-link="internal">delisted</a> Serum from their platforms. Soon after, the project&#8217;s native token &#8211; SRM &#8211; also lost over 98% of its value since its all-time high in September last year. It was assumed that the project ended.</li>
<li>Subsequently, a community-driven fork of Serum&#8217;s V3 program was <a href="https://cryptopotato.com/serum-srm-backs-community-hard-fork-plans-after-ftx-collapse/" target="_blank" rel="noopener" data-wpel-link="internal">launched</a> and rebranded as &#8216;OpenBook,&#8217; which has over 5k followers on its Twitter account.</li>
</ul>
The post <a href="https://cryptopotato.com/ftx-linked-project-serum-shilling-shitcoins-on-twitter-report/" rel="nofollow">FTX-Linked Project Serum Shilling Shitcoins on Twitter: Report</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

FTX-Linked Project Serum Shilling Shitcoins on Twitter: Report

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