Wall Street Memes Launch Discord Hack Relief Fund to Compensate Victims of October Cyber Attack
Friday, November 10, 2023 –
Today the team at Wall Street Memes airdropped funds from its Discord Hack Relief Fund to compensate community members who fell victim to fraudsters who briefly took over the WSM Discord server.
All compensation claims submitted by November 17 will have the funds from compromised wallets refunded on a 1:1 basis.
The Discord server attack took place on October 12, leading to community members being bombarded by scammers posing as official team members.
Unfortunately, all those who followed the scammers’ instructions and interacted with the fraudulent address had their funds stolen.
Wall Street Memes moved quickly to shut down the coordinated cyber attack and restore confidence in the project. Understandably the security breach did lead some in the community to panic but the swift announcement of a compensation scheme settled nerves.
The relief fund has disbursed $46,000 worth of $WSM to all those affected by the hack. The airdrop can be seen on Etherscan at the following address:
https://etherscan.io/tx/0xe6dd3b91bd70becb81db30cb182ee07755dd9f9136b540ce4c3287187e012460
Community members have been posting on Telegram to confirm receipt of the funds in their new wallets and to thank the team for its prompt action to compensate victims.
One compensated victim, Punyemas, commented on Telegram, “I have received the compensation due to discord hack, nice one team WSM and more power, to the moon”
https://t.me/c/1921010863/1/812745
In the 48 hours following the attacks the WSM team was able to carry out extensive research to get to the bottom of the attack vector and to set up a claims portal for compromised wallet addresses, supplying the community with straightforward and easy-to-follow instructions for
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