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FTX-Linked Project Serum Shilling Shitcoins on Twitter: Report

The official Twitter account of the Solana-based decentralized finance (DeFi) project Serum has been renamed ‘Luka’ and is speculated to have been sold to a different user as all past tweets have been deleted. Serum, founded in August 2020, was once hailed as a core decentralized exchange platform and liquidity provider for Solana’s DeFi ecosystem. However, following events leading to FTX’s bankruptcy filing, DeFi projects like Raydium and Jupiter terminated ties with Serum. The project’s native token, SRM, also lost over 98% of its value since its all-time high in September last year. Several exchanges, including Upbit and Binance, delisted Serum from their platforms. OpenBook, a community-driven fork of Serum’s V3 program, was launched and rebranded. It now has over 5k followers on its Twitter account. The reason for Serum’s official account name change remains unclear.

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