Friday, November 10, 2023 –

Today the team at Wall Street Memes 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:

https://etherscan.io/tx/0xe6dd3b91bd70becb81db30cb182ee07755dd9f9136b540ce4c3287187e012460

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”

https://t.me/c/1921010863/1/812745

In the 48 hours following the attacks the WSM team was able to carry out extensive research to get to the bottom of the attack vector and to 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 $8.17.

Wall Street Memes loyalty and affiliate programs provide added value for $WSM token holders

Wall Street Memes Casino was launched in the weeks prior to the hack. Such has been the success of the project, it has attracted imitators and scammers.

The project is on a mission 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, enabling casino wagerers and players to be rewarded 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 their own 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, but it can be revealed that eligible affiliates will be able to 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 Cleveland Cavaliers and Miami Heat?

The Cleveland Cavaliers will welcome the Miami Heat after 3 home victories in a row tonight. #NBA

With the Heat being only a 2-point favorite when they and the Cavaliers face off, it is projected to be a close one.

Who have y'all got https://t.co/gj3jAgDDTI pic.twitter.com/zg8tnftKQ1

— Wall St Memes Casino (@wsmcasino) November 22, 2023

The post Wall Street Memes Launch Discord Hack Relief Fund to Compensate Victims of October Cyber Attack appeared first on Cryptonews.

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[Source: CryptoNews]

Friday, November 10, 2023 – In a huge move aiming to bolster support for the Wall Street Memes community, WSM have launched a Discord Hack Relief Fund that will seek to compensate victims from an October cyber attack.

Submissions for compensation claims will be left open for a week until November 17, enabling genuine victims of stolen $WSM the opportunity to file claims for reimbursement of lost funds.

These Wall Street Memes submissions will then be processed, with current plans for a refund airdrop to compensate victims taking place on November 22.

ATTENTION!

For those affected by the Discord hack, please follow the steps below carefully

https://t.co/05wsHxPLpv pic.twitter.com/cZqVBIRRXd

— Wall Street Memes (@wallstmemes) November 10, 2023

Why Are Wall Street Memes Launching a Discord Hack Relief Fund?

The launch of the generous compensation fund comes mere weeks after the launch of Wall Street Memes Casino, and will refund any $WSM tokens taken by hackers who targeted the WSM Discord Server in October.

This follows the coordinated attack on October 12, which saw the $WSM discord community come under fire for over 24-hours through a deluge of scammers reaching out to unsuspecting community members.

Over the last 24 hours, The $WSM token and community has undergone a coordinated attack. The hackers specifically targeted our Discord community.

We reiterate that no one from the Wall St Memes team will ever direct message you first, or ask for any personal information – even… pic.twitter.com/VwySpXC7cz

— Wall Street Memes (@wallstmemes) October 12, 2023

Victims of these scam approaches saw their entire $WSM stacks stolen, leading some investors to panic..

However, the launch of the Discord Hack Relief Fund aims to remedy this, with losses expected to be compensated on a 1:1 basis.

How Does the Discord Hack Relief Fund Work – How to Submit a Lost $WSM Claim?

While the Wall Street Memes team gathered extensive intelligence on impacted users during the 48-hours following the initial cyber attack, the launch of the Discord Hack Relief Fund portal enables a simple claim to be submitted.

To start your loss claim submission you will need: access to your compromised wallet in order to sign a message alongside a clean wallet address unaffected by the hack.

Firstly, you will need to head to Etherscan and connect your compromised wallet in order to interact with the ‘sign message’ button.

Secondly, after clicking sign the message with your compromised wallet, a pop up box will appear prompting your signature (double-check here to ensure the compromised wallet address is shown under the ‘address’ box).

Thirdly, you will need to copy and paste your new clean wallet address into the box replacing the holder text [CLEAN WALLET ADDRESS].

Fourthly, it is advised you then double-check to ensure you have input the correct addresses; with the compromised hack-affected wallet address under ‘Address’ and your new clean address replacing the [CLEAN WALLET ADDRESS] holder text.

Fifthly, all that is left to do is click “sign message”, and then ‘publish’ to complete the compensation form submission, with lost $WSM tokens expected to be airdropped to your clean address on November 22 once cross-referenced with the hack data.

Submitting your claim to the Wall Street Memes Discord Hack Relief Fund is that simple!

Don’t miss your chance to recover your ticket to moon-shot returns, submit your claim to ensure you keep holding your stack and remain part of one of the most successful meme coin projects of 2023.

Buy WSM Here

^{Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.}

The post Wall Street Memes Launch Discord Hack Relief Fund to Compensate Victims of October Cyber Attack appeared first on Cryptonews.

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[Source: CryptoNews]