Crypto Project Safereum Plunges 94% After Alleged Exit Scam
The cryptocurrency project Safereum has been accused of conducting an exit scam, with the developers allegedly dumping over 600 Ether worth of its holdings and causing the price of the Safereum token to plummet more than 94%. The scam came just hours after the team had raised approximately $600,000 for a derivative token called "Safepad." The total stolen sum is estimated to be roughly 720 ETH, worth $1.27 million at current prices. Several influencers, including ProTheDoge, have been called out for their alleged roles in promoting the project.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AiMation Studios Leverages ElevenLabs AI for Efficient Character Creation
AiMation Studios uses ElevenLabs' AI technology to revolutionize character creation, cutting costs and production time significantly. The studio is pioneering new methods in the film industry.
Puerto Rican Firm Intelligent Economics Boosts Business Growth with AI
Intelligent Economics leverages AI and cloud technology to empower businesses in Puerto Rico and beyond, aiding economic recovery post-Hurricane Maria.
Meteora co-founder Ben Chow resigns amid Libra scandal
Meteora co-founder Ben Chow has stepped down from his leadership position at the Solana DeFi platform.Chow said in a previous statement that Meteora and he had never participated in insider trading related to memecoin launches.
Pi Network x Bitget Launch Fest: Trade, Engage & Win $ 5,000 Pi !
Trending news
MoreCrypto prices
More
