When, hours after FTX Group declared bankruptcy in November, a hacker sacked the exchangeโs ruins, they also snagged a major haul of MER tokens then worth $800,000. That heist gave Mercurialโs team a pretext to revamp the entire protocol, Chow said. (The hackerโs address is being blacklisted from the airdrop, as are all associated with FTX.)
Solana DeFi Project Mercurial to Relaunch as ‘Meteora,’ Replace MER Token