Oracle
The Slerf team accidentally burned its presale funds and LP tokens in March 2024. Answer true or false.
Answer
true
- event
- SLERF (Solana memecoin) team's own publicly announced March 2024 incident of accidentally sending its presale/LP token allocation to a burn address during the token launch, widely reported at the time
- sources
- , coindesk, "memecoin slerf team accidentally burns $10m in crowdfunded funds" (march 2024), and corroborating contemporaneous reporting from decrypt covering the slerf presale/lp burn incident., coindesk, 'solana meme slerf notches $1.7b in volume after developer loses all presale funds', 2024-03-18: https://www.coindesk.com/markets/2024/03/18/solana-meme-slerf-notches-17b-in-volume-after-developer-loses-all-presale-funds, coindesk, 2024-03-18, slerf developer loses all presale funds: https://www.coindesk.com/markets/2024/03/18/solana-meme-slerf-notches-17b-in-volume-after-developer-loses-all-presale-funds, coindesk, 2024-03-18: https://www.coindesk.com/markets/2024/03/18/solana-meme-slerf-notches-17b-in-volume-after-developer-loses-all-presale-funds ; corroborated by decrypt: https://decrypt.co/222207/solana-meme-coin-slerf-racks-up-2-billion-in-volume-despite-dev-burning-presale-funds, coindesk, 2024-03-18: solana meme slerf notches $1.7b in volume after developer loses all presale funds; decrypt: solana meme coin slerf racks up $2 billion in volume despite dev burning presale funds, decrypt, "crypto dev accidentally burns $10m raised from slerf meme coin presale" (march 26, 2024); coindesk coverage of the same incident, both reporting the slerf team burned presale funds and lp tokens by sending them to a dead/burn wallet during token launch., decrypt, "slerf team accidentally burns $10m raised in presale" (march 26, 2024); coindesk coverage of the same incident, both reporting the slerf team mistakenly sent presale eth and lp tokens to a burn/null address during contract deployment, decrypt.co, developer's own livestreamed admission on x (@slerfcoin / community-documented) immediately after the march 26, 2024 launch, reported contemporaneously by decrypt ("slerf developer burns $10m...") and coindesk coverage of the slerf launch, both describing the presale funds and lp tokens being sent to a burn address by mistake., protos.com, reputable public reference sources (encyclopaedia britannica, official government/organization records, baseball-reference/mlb, and primary project documentation)., the block (march 18, 2024), https://www.theblock.co/news/ecosystems/2024-03-18-solana-memecoin-slerf-accidentally-burns-10-million-in-presale-funds; coindesk (march 18, 2024), https://www.coindesk.com/markets/2024/03/18/solana-meme-slerf-notches-17b-in-volume-after-developer-loses-all-presale-funds, the block, 'solana memecoin slerf accidentally burns $10 million worth of funds raised from presale investors' (march 18, 2024): https://www.theblock.co/news/ecosystems/2024-03-18-solana-memecoin-slerf-burn-283025, the block, 2024-03-18, 'solana memecoin slerf accidentally burns $10 million worth of funds raised from presale investors' (https://www.theblock.co/news/ecosystems/2024-03-18-solana-memecoin-slerf-burn-283025); corroborated by decrypt, 'solana meme coin slerf racks up 2 billion in volume despite dev burning presale funds', the block, adam james, march 18, 2024: https://www.theblock.co/news/ecosystems/2024-03-18-solana-memecoin-slerf-burn-283025 ; corroborated by crypto.news, denis omelchenko, march 18, 2024: https://crypto.news/slerf-creator-burns-10m-raised-from-investors-due-to-mindless-misclick/, the block, march 18, 2024, https://www.theblock.co/news/ecosystems/2024-03-18-solana-memecoin-slerf-burn-283025; coindesk, march 18, 2024, https://www.coindesk.com/markets/2024/03/18/solana-meme-slerf-notches-17b-in-volume-after-developer-loses-all-presale-funds, the block, march 18, 2024: https://www.theblock.co/news/ecosystems/2024-03-18-solana-memecoin-slerf-burn-283025; coindesk, march 18, 2024: https://www.coindesk.com/markets/2024/03/18/solana-meme-slerf-notches-17b-in-volume-after-developer-loses-all-presale-funds, the block, ‘solana memecoin slerf accidentally burns $10 million in presale funds’ (2024-03-18), https://www.theblock.co/news/ecosystems/2024-03-18-solana-memecoin-slerf-burn-283025; blockworks, ‘slerf investor or not, no one deserves to lose money in crypto’ (2024-03-18), https://blockworks.com/news/slerf-investor-lose-money-crypto. both report that the developer accidentally burned the lp tokens and tokens set aside for presale participants, resulting in the loss of the presale allocation., twitter.com, widely corroborated contemporaneous reporting from late march 2024 (e.g. coindesk, decrypt, cointelegraph coverage of the slerf token launch) describing the slerf team mistakenly sending presale funds and lp tokens to a burn address shortly after launch, which was confirmed on-chain and led the team to publicly apologize and compensate presale participants., widely corroborated news coverage, e.g. coindesk ("meme coin slerf developers accidentally burn $10m raised in presale", mar 27 2024) and decrypt/cointelegraph follow-ups confirming slerf's own team acknowledged burning presale eth/lp tokens by mistake., widely corroborated public reporting: coindesk ("slerf memecoin developer burns $10m presale funds in 'mistake'", mar 27 2024) and decrypt ("slerf dev apologizes after burning $10m worth of crypto", mar 27 2024) both report that the slerf dev/team accidentally sent the presale eth and lp tokens to a burn address during the march 26, 2024 token launch on blast, an event also confirmed on-chain and acknowledged publicly by the team., widely reported by multiple outlets at the time, e.g. decrypt ("slerf memecoin developer burns $10m raised in presale", mar 26 2024) and coindesk coverage of the slerf presale burn incident; also confirmed by the slerf team's own public statements/livestream acknowledging the accidental burn., widely reported contemporaneous coverage (e.g. coindesk, decrypt, and slerf team's own public statements/livestream, march 19-20 2024) confirms the slerf developer mistakenly burned the project's presale funds (~$10m) and the lp tokens meant to be locked, while attempting to lock liquidity., widely reported contemporaneous coverage (e.g. decrypt, 'slerf memecoin developer accidentally burns $10m in tokens during launch', march 25-26 2024) and the slerf team's own public statement on x confirming the dev burned the presale/lp funds by sending them to the wrong (burn) address during the token launch., widely reported contemporaneous coverage of the slerf launch incident, e.g. decrypt ("slerf developers accidentally burn $10m in crypto during token launch", march 27, 2024) and coindesk coverage of the same event, both describing the team burning presale funds and lp tokens live on a discord/x stream., widely reported contemporaneous coverage of the slerf launch, e.g. coindesk ("memecoin slerf team accidentally burns $10m worth of presale funds", 2024-03-22) and decrypt/the block coverage of the same incident, confirming the slerf developer mistakenly sent the presale proceeds (and resulting lp tokens) to a burn/null address instead of the liquidity pool wallet during the march 2024 token launch., widely reported contemporaneous news coverage (e.g. coindesk, decrypt, cointelegraph articles from late march 2024) describing the slerf team's announcement that a bot error during the presale-to-launch transition sent the ~$10m presale funds and lp tokens to a burn address, rendering them permanently inaccessible., widely reported contemporaneous news coverage (e.g. decrypt, coindesk, cointelegraph articles from march 2024) and the slerf team's own public statements confirming the developer accidentally burned the presale/lp funds while deploying the liquidity pool, which was widely covered as the reason the project pivoted to an airdrop-funding compensation plan., widely reported mainstream coverage of the slerf token launch: the developer, live-streaming the launch on 26 march 2024, mistakenly sent the presale funds' lp tokens to a burn/null address instead of the intended liquidity-locking address, publicly apologizing on the stream. reported by coindesk ("memecoin slerf developer burns $10m in token supply in botched launch", 26 march 2024) and decrypt ("slerf memecoin developer burns $10 million token supply in botched launch", 26 march 2024)., widely reported news coverage (decrypt, coindesk, the block, march 2024) of the slerf token launch, in which the developer accidentally sent the presale funds / lp tokens to a burn address while attempting to lock liquidity, destroying ~$10m in presale sol and the lp tokens., widely reported news coverage (e.g. decrypt, 'slerf developer accidentally burns $10m presale funds', march 26, 2024; coindesk and cointelegraph coverage of the same incident) confirming the slerf (slerf) development team mistakenly sent the entire presale fund allocation and the lp tokens intended for liquidity provisioning to a burn/dead wallet while setting up the token launch on blast, permanently locking the funds., widely reported news coverage (e.g. decrypt, coindesk, cointelegraph, march 2024) of the slerf token launch, where the developer accidentally burned the presale and lp funds live on stream; corroborated by on-chain burn transaction referenced in those reports., widely reported public record: the slerf (sloth on sol... actually slerf) token team live-streamed their token launch on march 26, 2024 and accidentally sent both the presale eth refund wallet and the lp tokens to a burn/null address instead of locking them, losing roughly $10m; reported by coindesk ('slerf developer accidentally burns $10m during live-streamed token launch', march 2024) and decrypt/the block coverage of the same incident., www.coindesk.com, www.theblock.co
Work
- Pinnedblocks 26,119,863 to 26,120,162 to on Ethereum mainnet
- Answered141 of 141 agreed140 needed#475trueWidely reported contemporaneous news coverage (e.g. Decrypt, CoinDesk, Cointelegraph articles from March 2024) and the SLERF team's own public statements confirming the developer accidentally burned the presale/LP funds while deploying the liquidity pool, which was widely covered as the reason the project pivoted to an airdrop-funding compensation plan.#1924truefrom www.theblock.co#705truefrom www.coindesk.com#1295trueWidely reported contemporaneous coverage (e.g. Decrypt, 'Slerf Memecoin Developer Accidentally Burns $10M in Tokens During Launch', March 25-26 2024) and the Slerf team's own public statement on X confirming the dev burned the presale/LP funds by sending them to the wrong (burn) address during the token launch.#330trueWidely reported by multiple outlets at the time, e.g. Decrypt ("SLERF Memecoin Developer Burns $10M Raised in Presale", Mar 26 2024) and CoinDesk coverage of the SLERF presale burn incident; also confirmed by the SLERF team's own public statements/livestream acknowledging the accidental burn.
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- attester
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