{"id":11696,"date":"2024-03-18T15:46:35","date_gmt":"2024-03-18T13:46:35","guid":{"rendered":"https:\/\/forklog.com\/en\/slerf-meme-coin-creator-accidentally-burns-all-airdrop-and-lp-tokens\/"},"modified":"2024-03-18T15:46:35","modified_gmt":"2024-03-18T13:46:35","slug":"slerf-meme-coin-creator-accidentally-burns-all-airdrop-and-lp-tokens","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/slerf-meme-coin-creator-accidentally-burns-all-airdrop-and-lp-tokens\/","title":{"rendered":"Slerf Meme Coin Creator Accidentally Burns All Airdrop and LP Tokens"},"content":{"rendered":"<p>The developer of the Slerf project on the Solana blockchain announced that he accidentally burned all <span data-descr=\"liquidity pool\" class=\"old_tooltip\">LP<\/span> and airdrop tokens.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Guys I fucked up. I burned the LP and the tokens that were set aside for the airdrop.<\/p>\n<p>Mint authority is already revoked so I can not mint them.<\/p>\n<p>There is nothing I can do to fix this.<\/p>\n<p>I am so fucking sorry.<\/p>\n<p>\u2014 Slerf (@Slerfsol) <a href=\"https:\/\/twitter.com\/Slerfsol\/status\/1769628588809031864?ref_src=twsrc%5Etfw\">March 18, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to him, the error occurred while attempting to <a href=\"https:\/\/solscan.io\/tx\/hzVc7DevXGi3DKEyrR23PVV6DRmpA1LgnwUeQkNjnm42tQ7rGipATsLuuSnEaKVbDahWJnwbm2ZGWEF4CTwaBMG\">burn shitcoins<\/a> that people sent to the project&#8217;s wallet. The developer claims he has already revoked his authority to mint additional coins.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cGuys, I messed up. There is nothing I can do to fix this. I am so fucking sorry,\u201d wrote the project&#8217;s official account on X.<\/p>\n<\/blockquote>\n<p>The total value of the destroyed coins amounts to 50,000 SOL ($10 million). This entire sum was raised during the presale.<\/p>\n<p>A few hours later, the developer <a href=\"https:\/\/twitter.com\/Slerfsol\/status\/1769684806474809769\">wrote<\/a> that the project team intends to \u201cdo everything possible to recover the presale participants&#8217; funds.\u201d<\/p>\n<p>In the comments, users mock the developer, <a href=\"https:\/\/twitter.com\/aldover_eth\/status\/1769629502517416343\">calling<\/a> the incident \u201cthe largest <span data-descr=\"a practice of inflating the value of a created token in a liquidity pool followed by a sudden withdrawal of funds; subsequently, other pool participants are left with devalued assets\" class=\"old_tooltip\">rug pull<\/span> in presale history to date.\u201d Others <a href=\"https:\/\/twitter.com\/agyrrhius\/status\/1769630008916537453\">note<\/a> that the situation is rather \u201cbullish because now presalers won&#8217;t be able to dump the token.\u201d<\/p>\n<p>Some commentators urge the developer to <a href=\"https:\/\/twitter.com\/GQGGame\/status\/1769631457440567777\">voluntarily surrender<\/a> to law enforcement and tag the FBI.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Time to go jail, enjoy with cops \ud83d\ude42<\/p>\n<p>\u2014 ???? (@Judapto) <a href=\"https:\/\/twitter.com\/Judapto\/status\/1769688609987207453?ref_src=twsrc%5Etfw\">March 18, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cTime to go to jail, enjoy with cops,\u201d wrote one of them.\u00a0<\/p>\n<\/blockquote>\n<p>Fraudulent messages from accounts resembling the original began to appear under the tweet. They offer to send Solana tokens to specified addresses under the guise of a \u201cnew presale without screw-ups.\u201d<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/Erx4R-eh8xCQw44JcALVfv9B-d20-GzmisjMsnHzmypeTqVivbog0YNz6uM5IkoN1BcYKniPuj6FGGKf_Xrtj6-gGQw6rWfBZz51opqd00VIbzsWtzfU4NNm0eJVnm1kMU3Rxox70RnGUz1cnpPdJLk\" alt=\"Slerf Meme Coin Creator Accidentally Burns All Airdrop and LP Tokens\"\/><figcaption class=\"wp-element-caption\">Data: X.\u00a0<\/figcaption><\/figure>\n<p>Following the news, the price of SLERF fell by 38.5% over the past day, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/slerf\">CoinGecko<\/a>.<\/p>\n<p>Earlier, on March 15, a hacker withdrew assets worth about $2 million from the vaults of the yield farming protocol Mozaic Finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The developer of the Slerf project on the Solana blockchain announced that he accidentally burned all LP and airdrop tokens.\u00a0 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1158,1111,1161,1159],"class_list":["post-11696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-airdrops","tag-cybersecurity","tag-memes","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"75","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=11696"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/11695"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=11696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=11696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=11696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}