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 ‘Luka.’
The original Serum account is speculated to have been sold to a different user since all the previous tweets have been deleted.
Sharing a screenshot of the account, ZachXBT revealed that its PFP avatar was replaced with Milady NFT and was used for promoting “shitcoins.”
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.
Serum received funding from Multicoin Capital alongside FTX.com and FTX US.. It was once heralded as a core decentralized exchange platform and liquidity provider for Solana’s DeFi ecosystem.
(by Chayanika Deka)
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