Rug pull feared as Safereum devs reportedly unlock and dump native token

The crypto neighborhood has been left fearing the worst after seeing big sums of liquidity drained from the cryptocurrency venture Safereum simply hours after its workforce finalized a large $600,000 fundraising.

In accordance with blockchain safety agency CertiK and different analysts, the builders of Safereum — utilizing the token deployment handle “safereum.eth” — unlocked the provision of the token and dumped greater than 600 Ether (ETH) value of its holdings, inflicting the worth of the Safereum (SAFEREUM) token to plunge greater than 94%.

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