Jake Paul-endorsed SafeMoon gets hacked after introducing a bug in upgrade By Cointelegraph
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SafeMoon, a project previously endorsed by celebrities and social influencers like Jake Paul and Soulja Boy, announced its liquidity pool (LP) had been compromised. Without revealing further details about the attack, SafeMoon confirmed it is undertaking steps “to resolve the issue as soon as possible.”
Like many other crypto projects in 2021, SafeMoon was backed by numerous celebrities. However, a lawsuit from February 2022 alleged that musicians such as Nick Carter, Soulja Boy, Lil Yachty, and YouTubers Jake Paul and Ben Phillips mimicked real-life Ponzi schemes by misleading investors to purchase SafeMoon (SAFEMOON) tokens under the pretext of unrealistic profits.
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SafeMoon, a project previously endorsed by celebrities and social influencers like Jake Paul and Soulja Boy, announced its liquidity pool (LP) had been compromised. Without revealing further details about the attack, SafeMoon confirmed it is undertaking steps “to resolve the issue as soon as possible.”
Like many other crypto projects in 2021, SafeMoon was backed by numerous celebrities. However, a lawsuit from February 2022 alleged that musicians such as Nick Carter, Soulja Boy, Lil Yachty, and YouTubers Jake Paul and Ben Phillips mimicked real-life Ponzi schemes by misleading investors to purchase SafeMoon (SAFEMOON) tokens under the pretext of unrealistic profits.
Continue Reading on Coin Telegraph
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