Critical $20M SafeMoon vulnerability? Project devs say no cause for alarm
One blockchain security firm says its audit of the SafeMoon smart contract has unearthed a potential $20 million vulnerability within the viral meme coin. Popular TikTok viral “meme coin” SafeMoon could be vulnerable to malicious exploits by hackers on account of purported security vulnerabilities in its smart contract code.According to a smart contract audit by blockchain security firm HashEx, SafeMoon currently has 12 of such vulnerabilities with five being classified as ranging between being of a “critical” and “high-severity” nature.As part of its findings, the HashEx audit alleges....
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A slew of critical vulnerabilities has recently been identified by the developers at DeFi security provider HashEx when examining the code of the SafeMoon DeFi project. The identified issues are so severe that users are being warned to stay away from the protocol for fear of losing their funds. As reported in a press release […]
After critical issues with the Solana blockchain let an unknown hacker exploit a zero-day vulnerability and mint and withdraw tokens from other users’ accounts, the Solaxy presale’s layer 2 solution makes more sense than ever. Solana devs identified the vulnerability on April 16, 2025, and explained it as a bug: According to the analysts, it […]
A cryptocurrency project called Safemoon has been trending in forums and social media in recent times, as the crypto asset team promised a few new products, but the team claims that the launch has seen difficulties. This weekend, a post published to the subreddit forum r/cryptocurrency claims “Safemoon has been exploited from day 1 and $68,460,000 have been siphoned out of the liquidity pool.”
Editor’s note: This article has been updated to include the official audit from Doxxlocker.
Safemoon Project Runs Into ‘Unforeseen Technical Issues’....
Barstool Sports founder Dave Portnoy highlighted that he told people that the project may be a scam before he made his investment. SafeMoon investors are letting Barstool Sports founder Dave Portnoy off the hook as the plaintiffs filed for his dismissal from the lawsuit against him for allegedly promoting the SafeMoon token. On Aug. 8, the internet celebrity tweeted that he is being sued by investors for “shilling SafeMoon.” Portnoy claimed that he never received any compensation from the project and mentioned that he also lost a lot of money after investing in the token. He also....
Let’s not kid ourselves, SafeMoon is trending because of the unprecedented price increase. The novel token grew 6000% in just a month, leaving the whole crypto industry speechless. It has since fallen tremendously, but the project is still in everyone’s mouth. The new Doge, people call it. Is that supposed to be a compliment? Or […]