Solana-Based Token Team Claims Developer Held Hostage to Boost Market Cap

The team behind the Solana-based token Hostage Dev claims to have taken their own developer hostage, threatening to kill him unless the token’s market capitalization reaches $1 million.

Their X-account is filled with screenshots from live streams showing a person with bound hands and a bag over their head. Occasionally, he holds signs urging people to pump the token.

The project’s website is styled in the Wojack meme fashion and contains only links to social media. The domain was registered on February 19th.

The X-account was created at the same time and has 143 followers.

The team appears uncertain about the legality of their actions. In one tweet, they expressed hope that they would not be reported to law enforcement.

According to the U.S. Code, hostage-taking is punishable by imprisonment up to life. If the hostage is killed, the perpetrators face the death penalty.

At the time of writing, the price of the Hostage Dev token is $0.000005388 with a market capitalization of $5400, according to GeckoTerminal.

Previously, ForkLog reported that a trader earned approximately $1.2 million from the Pandora token surge.