New Allegations Against The Leadership of SafeMoon
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2022-04-22
The decentralized finance token founder, lead developer, and CEO has received 20 plus severe allegations from a YouTuber. The SafeMoon price is down by 1.90% in the last 24 hours and currently trading at USD 0.0007319 on a trading pair of SFM/USDT on the Gate.io global cryptocurrency exchange platform at press time. It has a circulating supply of above 500 trillion of the SafeMoon coins and a maximum supply of 1 quadrillion SafeMoon tokens. There have been lots of allegations against the leadership of SafeMoon and in the article, we will uncover some of these allegations.
Recall in 2021, crypto influencers such as Lark Davis and War on rugs warned investors about the SafeMoon token reward structure and the lack of details about the liquidity pool, and Davis said “Just because you make money off a Ponzi scheme, does not change the fact that it is a Ponzi”. Furthermore, in March 2022, one of the world’s leading class action firms Robbins Geller Rudman and Dowd LLP, representing plaintiffs in securities fraud cases and ranked #1 on the 2021 ISS Security Class Action Services Top 50, report for recovery of nearly USD 2 billion for investors in 2021- more than triple the amount recovered by any other plaintiff’s firm filed a class-action lawsuit against SafeMoon and seeks to represent investors who purchased SafeMoon tokens between March 8, 2021- March 7, 2022- the day the lawsuit was filed.
According to their website, “The SafeMoon class-action lawsuit charges SafeMoon LLC, SafeMoon US, LLC, SafeMoon Connect, LLC, Tano LLC, SafeMoon LTD, SafeMoon Protocol LTD, and SafeMoon Media Group LTD (collectively, “SafeMoon”), as well as other
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