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

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