The United States Securities and Exchange Commission (SEC) has recently alleged fraud and violations of security rules against the decentralized financial project, SafeMoon. The allegations come in the wake of a significant system flaw exploitation that occurred in March, resulting in a hefty loss of 8.9 million BNB (Binance Coin) from the ledger. The digital assets associated with the security breach have been routed through centralized exchanges, shedding light on potential legal ramifications.
The SEC’s allegations have resonated within the SafeMoon community, prompting an official response from the project. On November 2, 2023, SafeMoon took to Twitter to address the concerns, stating, “We are reviewing the recent news and we of course take these issues extremely seriously. As we receive more information, we will do our best to address the situation as quickly as possible. In the meantime our teams continue to build and we keep…
