Bitcoin
Bitcoin (BTC)
$66,371.00 5.62504
Bitcoin price
Ethereum
Ethereum (ETH)
$3,556.59 2.44622
Ethereum price
BNB
BNB (BNB)
$411.70 -0.73095
BNB price
Solana
Solana (SOL)
$128.45 -1.47585
Solana price
XRP
XRP (XRP)
$0.6422510 2.92139
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000315 43.45519
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000072 28.69351
Pepe price
Bonk
Bonk (BONK)
$0.0000388 51.41201
Bonk price
Bitcoin
Bitcoin (BTC)
$66,371.00 5.62504
Bitcoin price
Ethereum
Ethereum (ETH)
$3,556.59 2.44622
Ethereum price
BNB
BNB (BNB)
$411.70 -0.73095
BNB price
Solana
Solana (SOL)
$128.45 -1.47585
Solana price
XRP
XRP (XRP)
$0.6422510 2.92139
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000315 43.45519
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000072 28.69351
Pepe price
Bonk
Bonk (BONK)
$0.0000388 51.41201
Bonk price
Bitcoin
Bitcoin (BTC)
$66,371.00 5.62504
Bitcoin price
Ethereum
Ethereum (ETH)
$3,556.59 2.44622
Ethereum price
BNB
BNB (BNB)
$411.70 -0.73095
BNB price
Solana
Solana (SOL)
$128.45 -1.47585
Solana price
XRP
XRP (XRP)
$0.6422510 2.92139
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000315 43.45519
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000072 28.69351
Pepe price
Bonk
Bonk (BONK)
$0.0000388 51.41201
Bonk price
Bitcoin
Bitcoin (BTC)
$66,371.00 5.62504
Bitcoin price
Ethereum
Ethereum (ETH)
$3,556.59 2.44622
Ethereum price
BNB
BNB (BNB)
$411.70 -0.73095
BNB price
Solana
Solana (SOL)
$128.45 -1.47585
Solana price
XRP
XRP (XRP)
$0.6422510 2.92139
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000315 43.45519
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000072 28.69351
Pepe price
Bonk
Bonk (BONK)
$0.0000388 51.41201
Bonk price

Unknown entity drains $11.2m in liquidity via SafeMoon deployer contract

unknown-entity-drains-11-2m-in-liquidity-via-safemoon-deployer-contract
Edited by
News
Unknown entity drains $11.2m in liquidity via SafeMoon deployer contract

On-chain tracking alarms about unusual $11.2 million transactions linked to a modified SafeMoon deployer contract, coinciding with the project’s bankruptcy proceedings.

According to an X post published by Cyvers Alerts, an unidentified entity made changes to SafeMoon‘s deployer contract, enabling the withdrawal of substantial liquidity from multiple pools.

As of press time, the entity holds over $1.6 million in different tokens, including Wrapped BTC (wBTC), Tether (USDT), and Pepe (PEPE), with the remaining extracted liquidity transferred to Ethereum, BNB Chain, and Polygon, according to data from Etherscan.

Cyvers Alerts notes the unusual movements commenced after the entity whitelisted an external address for withdrawal purposes. It remains unclear whether these transfers are linked to the ongoing SafeMoon bankruptcy case. As of press time, SafeMoon has not made any public statements on the matter. Amid the news, SafeMoon’s SFM token plunged by over 8%, according to CoinMarketCap.

In mid-December 2023, SafeMoon initiated bankruptcy proceedings with the U.S. Bankruptcy Court in the District of Utah. The bankruptcy filing came shortly after the U.S. Securities and Exchange Commission (SEC) leveled accusations against SafeMoon and its key executives, founder Kyle Nagy, CEO John Karony, and CTO Thomas Smith, for securities law violations.

According to the SEC, the trio conducted a “massive fraudulent scheme,” allegedly manipulating SafeMoon’s market capitalization to $5.7 billion through tactics such as wash trading, deceptive marketing strategies, and misleading statements regarding liquidity lock-up timelines. While Karony and Smith have been arrested, Nagy remains at large.

Follow Us on Google News