Solana DeFi Project Mercurial to Relaunch as ‘Meteora,’ Replace MER Token

When, hours after FTX Group declared bankruptcy in November, a hacker sacked the exchangeโ€™s ruins, they also snagged a major haul of MER tokens then worth $800,000. That heist gave Mercurialโ€™s team a pretext to revamp the entire protocol, Chow said. (The hackerโ€™s address is being blacklisted from the airdrop, as are all associated with FTX.)

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