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Today, the Wall Street Memes team 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:
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”
In the 48 hours following the attacks, the WSM team was able to conduct extensive research to get to the bottom of the attack vector and set up a claims portal for compromised wallet addresses, supplying the community with straightforward and easy-to-follow instructions for making a claim.
The largest compensation claim was $6,600.60, and the smallest was $8.17.
Wall Street Memes Enhances $WSM Token Value With New Loyalty And Affiliate Programs For Holders
Wall Street Memes Casino was launched in the weeks before the hack. Such has been the success of the project. It has attracted imitators and scammers.
The project aims to monetize the meme stocks movement by building a virally infused crypto community that leverages Web3 technology to level the playing field for the ordinary Joe and Jill up against Wall Street.
Its Wall Street Memes Casino is the first major product release and has been met with great enthusiasm by its one-million-strong online community.
This month, the team has started rolling out the value-add for $WSM token holders.
The Wall Street Memes Casino Loyalty Program is live, rewarding casino wagerers and players with perks. While all accepted cryptocurrencies are eligible for the perks, $WSM gets preferential treatment, allowing players to earn up to double the rewards on their exclusive tier.
There are also special daily, weekly, and streak missions available.
Each user has a personalized loyalty dashboard, which can be accessed by clicking the star icon in the top right of the casino view.
Next up will be the Wall Street Casino Affiliate Program. The team is putting the finishing touches to the program. Still, it can be revealed that eligible affiliates can earn up to 40% of Net Gaming Revenue on every referral customer sent to the Casino.
The price of $WSM is 3% higher today at $0.0202.As news of the airdrop ripples out, it will reinforce growing confidence in the project’s ability to deliver value to its token holders.
Gaming is one of the most lucrative sectors in crypto, and $WSM is making good on its stated aim of sharing the profits with the ‘little guys.’
The affiliate program launches next week, according to our sources. In the meantime, if you haven’t already. Take a spin of the roulette wheel, or maybe you’ve already had a wager, such as on last night’s basketball. Did you back the winners between the Cleveland Cavaliers and the Miami Heat?
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