A Promising Start with a Major Setback
Chill Drone (CHONE), a meme token designed to foster a low-stress investment community around the drone meme, launched successfully but faced an early challenge when hackers drained team and community wallets via a phishing attack. Despite the incident, the project continues to gain traction.
The Phishing Scam
The trouble began when the Chill Drone team sought token verification through the Jupiter DEX aggregator, a common step for Solana-based projects. After weeks without a response, the team reached out to Jupiter via its official Telegram channel, a legitimate platform with over 73,000 members.
In a private chat, an individual impersonating a Jupiter developer, “Alex Dobrin,” convinced the team to connect their wallets to a malicious link. The hacker exploited this connection to drain funds from the main team wallet and linked accounts, including community wallets.
Community Impact and Recovery
Before the scam, CHONE had built a strong community with over 2,000 Telegram members and 1,803 token holders. The project aimed to reassure its investors by meeting verification requirements, including maintaining daily trading volumes of $10K and fulfilling market cap conditions. Despite the setback, the team remains focused on rebuilding trust.
Market Performance and Vision
CHONE trades at a market valuation of $1.12M, reflecting the typical starting range for new meme tokens. The team envisions a model inspired by Pudgy Penguins, aiming to create a vibrant community supported by physical merchandise and collectibles.
The Growing Threat of Phishing in Crypto
This incident highlights the increasing prevalence of phishing scams in the crypto space, especially targeting projects seeking verification or partnerships. The Chill Drone team’s experience serves as a cautionary tale for other projects to exercise heightened vigilance when interacting on public platforms.
Looking Ahead
Despite the challenges, CHONE continues to attract investors and build momentum. With its innovative approach and community-focused vision, the token has the potential to recover and achieve its goals in the competitive world of meme projects.
This serves as a reminder for all crypto enthusiasts: always verify the legitimacy of communication channels and double-check links before connecting wallets or sharing sensitive information.
Be the first to comment