Chill Drone (CHONE) is a new meme token that has faced a significant problem for the team. A phishing scam hacked the community wallets.
This was carried out by an imposter developer who posed as a member of the Jupiter DEX team to verify the token. However, as the bad guys tried to attack, the CHONE team restored the project to stability and is still expanding it to more people.
CHONE wallets drained in a phishing attack
By accommodating the notion of a stress-free investment community around the drone meme, the CHONE token, a post-hack token designed for investment and trading, went live to a promising start. Chill Drone attempted to force their token to be verified on the Jupiter DEX aggregator by contacting an official Telegram group with over 73,000 members.
A fake developer, Alex Dobrin of Jupiter, contacted the CHONE team directly. The identity approached the team seeking to gain full access to the team’s main wallet under the guise of checking on the token. Saying to ourselves that the process would work, the team linked the wallet to the provided link, and the money was stolen. Wallets associated with the primary account and community and family investments were also affected.
The stolen 60k worth of CHONE coins was immediately converted into SOL and partially cashed out through a Binance-identified wallet. This triggered the price drop and raised speculations within the community of a probable rug pull.
CHONE team reacts to save the token
After the hack, the Chill Drone team immediately stabilized the token and tried calming investors. Some team members invested $50,000 of their own money to fund liquidity and repurchase agency-stolen tokens. This effort not only replenished the community’s lost trust, but many also started buying back the token at lower prices.
The CHONE token increased its holders to 1,803 and has a market cap of $1.12 million. And started trading again after the team’s interference. The asset was first created on Pump. Funs are divided amongst various wallets so that no wallet possesses more than 5% of the total amount.
The hacker contacted the founder of Chill Drone with an offer of verifying the token on Jupiter DEX.
Future plans amid security concerns
Chill Drone’s team, though, is focused on the token’s progress, and the setback does not deter them. CHONE has since been authenticated and incorporated into the CoinGecko platform, and it has a new beginning as of January 13. The project has over 2000 members in its community, and the Intenders plan to sell physical merchandise.
Source: DexScreener
The team continues searching for the specific exploit, creating awareness for impersonation scams. Jupiter DEX also clarified that fake domains may still attack users, echoing previous advice to avoid phishing scams. Similar to other meme tokens that have emerged in this industry, the Chill Drone project’s primary goal is to extend past the mentioned challenge, aim for the community’s confidence and diligence, and strive for success in the long term.