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bitcoin
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    HomeCrypto Finance

    Jake Paul-endorsed SafeMoon will get hacked after introducing a bug in improve

    Crypto Finance
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    SafeMoon, a mission beforehand endorsed by celebrities and social influencers like Jake Paul and Soulja Boy, introduced its liquidity pool (LP) had been compromised. With out revealing additional particulars in regards to the assault, SafeMoon confirmed it’s endeavor steps “to resolve the problem as quickly as attainable.”

    Like many different crypto tasks in 2021, SafeMoon was backed by quite a few celebrities. Nonetheless, a lawsuit from February 2022 alleged that musicians reminiscent of Nick Carter, Soulja Boy, Lil Yachty, and YouTubers Jake Paul and Ben Phillips mimicked real-life Ponzi schemes by deceptive traders to buy SafeMoon (SAFEMOON) tokens below the pretext of unrealistic earnings.

    Jake Paul selling SafeMoon token in 2021. Supply: Twitter
    SafeMoon exploit overview. Supply: PeckShield

    Proceed Studying on Coin Telegraph

    See also  'Underbanked' households extra more likely to personal crypto, FDIC report says
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