The developer of the Slerf project on the Solana blockchain said that he accidentally burned everything LP— and airdrop tokens.
Guys I fucked up. I burned the LP and the tokens that were set aside for the airdrop.
Mint authority is already revoked so I can not mint them.
There is nothing I can do to fix this.
I am so fucking sorry.
— Slerf (@Slerfsol) March 18, 2024
According to him, the error occurred when trying to burn shitcoins that people sent to the project’s wallet. At the same time, the developer claims that he has already revoked his authority to issue additional coins.
The total value of the destroyed coins is 50,000 SOL ($10 million). This entire amount was collected at the presale.
A few hours later the developer wrotethat the project team intends to “do everything possible to restore the funds of the presale participants.”
In the comments, users joke about the developer, calling incident “the largest rug pull in the history of presales to date.” Other notethat the situation is quite “bullish, because now presellers will not be able to dump the token.”
Some commentators are calling on the developer voluntarily surrender law enforcement and tagged FBI.
Also, fraudulent messages from accounts similar to the original one began to appear under the tweet. They offer to send Solana tokens to the addresses they specify under the guise of “a new presale without pro**es.”
Amid the news, the price of SLERF fell by 38.5% over the past 24 hours, according to CoinGecko.
Source: Cryptocurrency
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