A week after Safemoon’s liquidity got rugged, nothing has changed.

Here’s an update and refresher about what’s happening on Safemoon.

-On March 28th, Safemoon’s Liquidity Pool got compromised and lost 8.9 million dollars through a smart contract mistake which allowed them to burn tokens on any address. Hackers have laid a note claiming they’ll give back the funds.

-Safemoon has since responded on twitter with canned responses and disabled comments.

So… what has since happened? The community has since been held hostage with their currently useless token. According to a tweet by since deleted user @MostStablecoin, Safemoon’s wallet code has their security level values client side from 1-10. This means wallets can be compromised due to terrible coding as a malicious entity can gain access to another’s funds.

Safemoon has had a bad week. Leaving your investors in the dark about everything while giving no substance trying to reassure them is tragic. My condolences to anyone who lost money.