Investor alert: SafeMoon liquidity pool compromised after latest upgrade introduces a bug.
SafeMoon, a project previously endorsed by A-list celebrities and social influencers such as Jake Paul and Soulja Boy, announced its liquidity pool was compromised. Without revealing further details about the attack, SafeMoon confirmed undertaking steps “to resolve the issue as soon as possible.”
Just like many other crypto projects in 2021, SafeMoon was backed by numerous celebrities. However, a lawsuit from Feb. 2022 alleged that musicians such as Nick Carter, Soulja Boy, Lil Yachty and YouTubers Jake Paul and Ben Phillips mimicked real-life Ponzi schemes byJake Paul promoting SafeMoon token in 2021. Source: Twitter
Investigating the SafeMoon hack shows that the attacker made away with approximately 27,000 BNB , worth $8.9 million. SafeMoon has not yet responded to Cointelegraph’s request for comment. Moreover, users have been barred from posting comments on the announcement that revealed the LP compromise.We are taking swift action in an attempt to resolve the issue as soon as possible. Follow here for updates.
“Hey relax, we are accidently frontrun an attack against you, we would like to return the fund, setup secure communication channel , lets talk.” Until SafeMoon officially announces a resolution, investors are advised against investing in the project to avoid possible loss of funds.
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