Cryptocurrency

Web3 Is Going Great

2024-03-22 [vendor] Solana racist memecoins [chain] solana
Primary Source ↗
Blockchain(s) Solana

Incident Details

Solana memecoin trading has been booming lately, with people making money by speculating on tokens themed around various memes and jokes. Amid an explosion in trading innocuously-named meme tokens like dogwifhat has also been a rise in blatantly racist tokens, named after racial slurs, featuring racist caricatures, or named after antisemitic conspiracy theories.The tokens became so popular that projects showing newly-released tokens, like DEXScreener, became full of such tokens. DEXScreener released a statement on Twitter to say that “We’ll be reviewing our token profile moderation policy in the coming days. We won’t be the gatekeepers of what happens on-chain, but we’re definitely not here to spread hate.” The replies to the tweet were, predictably, full of people accusing DEXScreener of “censorship” and “going woke”.

Technical Details

Vendor / Product
Solana racist memecoins

Timeline

  1. 2024-03-22 Breach occurred
  2. 2024-03-22 Publicly disclosed