Solana's former leading DEX "Serum" Twitter account suspected to have been sold! All past posts deleted, even praising meme coins.

The blockchain data detective ZachXBT, known for capturing the latest happenings in the blockchain world, has made a new discovery today. The DEX Serum, nurtured by SBF on Solana, seems to have had its Twitter account either sold or hacked. Not only has the account changed its profile picture and handle, but it is also continuously posting to urge people to buy some of the currently most trending meme coins.

So the old Project Serum Twitter account with 200k+ followers recently deleted all tweets, changed pfp to a Milady, and began shilling shitcoins? pic.twitter.com/788T0ilB6t

— ZachXBT (@zachxbt) April 20, 2023

Serum Twitter Account Gets Major Makeover, Deletes All Past Posts

According to ZachXBT, the Serum Twitter account with over 200,000 followers recently deleted all of its past posts, changed its ID to Luka, and updated its profile picture with a new Milady NFT.

It is currently unclear whether the account has been sold or hacked, but Luka is now using posts to Fomo people into buying meme coins.

Upon learning that ZachXBT exposed its actions, Luka has already blocked ZachXBT and even retweeted ZachXBT's posts with a picture of SBF as a mockery.

https://t.co/IC4GZEVAPO pic.twitter.com/pOcgCXFTYo

— Luka (@0xLukaeth) April 20, 2023

Serum Resurrected, Solana Community Forks It Independently

Although the original Serum account has been taken over by someone else, Serum seems to have a new account, but with only 378 followers and surprising price predictions. Additionally, its bio mentions another protocol, "OpenBook."

As reported earlier, due to the FTX hack incident, Serum's upgrade keys were compromised. Unable to ensure that Serum would not be deployed with malicious code, many Solana protocols that relied on Serum functionality for operations announced the cessation of using Serum as a liquidity source.

However, Serum is crucial to Solana's ecosystem. Therefore, the Solana community united to fork Serum V3, giving rise to OpenBook. Currently, OpenBook has retained all of Serum's source code and has severed all ties with FTX.

However, according to data from Defillama, Serum's TVL still surpasses OpenBook by a significant margin, with $18.43 million and $2.86 million, respectively.