Safemoon Product Launch Hits a Snag, Project Bombarded by Accusations, Commun...
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’....
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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 […]
The recent meteoric rise of Safemoon turned many heads in the DeFi space over the last weeks. Safemoon climbed over 10,000x from its lowest to highest price in just 40 days according to CoinMarketCap, reaching over $7B Fully-Diluted (FD) Market Capitalization (MC) at its peak, before correcting down to $2B. This immediately prompted many clones […]
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 […]
Traders say the Safemoon rally is not sustainable as the token sees massive volatility. SafeMoon, the token on Binance Smart Chain widely recognized as the Tiktok meme coin, is seeing massive volatility after its massive gains in the past week.According to the data from Dex.Guru, which tracks alternative cryptocurrencies on various blockchains, the price of SafeMoon dropped by nearly 50% in the last two days from $0.0000074 to $0.0000045.Does the SafeMoon rally have any strength?SafeMoon is a cryptocurrency on Binance Smart Chain that started out at a low market cap at around $50,000. The....