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SafeMoon is still scamming their loyal cult to this day and John Karony needs to be investigated

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by COINS NEWS 100 Views

On March 28 SafeMoon had their LP drained of $9m in a hack attack triggered by a public burn exploit. This occurred right after SafeMoon upgraded their smart contract with the reasoning for the upgrade being ambiguous at best.

After the attack, the "hacker" said to relax, the funds were safe, and for the SafeMoon team to contact him.

On April 19, the "hacker" agreed to return 80% of the stolen funds, keeping almost $2m of it as a white hat hacker fee and SafeMoon agrees not to press legal charges.

While white hat hacker fees are a thing and can actually help solidify projects from exploits, how are we to believe that the SafeMoon team wasn't involved in this exploit and this wasn't a way for John Karony or the team to withdraw some liquidity and divert attention away, especially with all of the scrutiny they have had with the CoffeeZilla youtube videos and everything already exposing them?

SafeMoon has to be one of the longest slow rug pulls I have ever seen in crypto, where millions upon millions of dollars have been blatantly stolen for years and there have been no legal ramifications (as of yet).

John Karony is the shitcoin version of Elizabeth Holmes and needs to be investigated by the CFTC, SEC, and DOJ. The evidence is out there.

If you have lost money in SafeMoon, you should file a complaint with the CFTC. The money overall is material enough where the DOJ should get involved.

Complaint - Screen 1 (cftc.gov)

submitted by /u/sped_izzo
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