THELOGICALINDIAN - A cryptocurrency activity alleged Safemoon has been trending in forums and amusing media in contempo times as the crypto asset aggregation promised a few new articles but the aggregation claims that the barrage has apparent difficulties This weekend a column appear to the subreddit appointment rcryptocurrency claims Safemoon has been exploited from day 1 and 68460000 accept been siphoned out of the clamminess pool
Editor’s note: This commodity has been adapted to accommodate the official analysis from Doxxlocker, and a Certik Security analysis that covers the Safemoon activity and was appear on May 3, 2024.
Safemoon Project Runs Into ‘Unforeseen Technical Issues’ Launching Products, Skeptics Surround Project
The activity Safemoon has been a controversial cryptocurrency activity for absolutely some time now. It has been alleged a Ponzi arrangement and there are plenty of Safemoon reviews, accusations, and bodies attempting to acquisition out whether or not the activity is legit.
On August 29, 2021, the hashtag trend “#safemoonwallet” has apparent a great cardinal of tweets on Sunday. This is because the activity was declared to bead three altered products, which accommodate an iOS and Android accordant safemoon (SAFEMOON) wallet. However, the official Safemoon Twitter folio says the activity hit a few problems ablution these new products.
“Thank you for address with us,” the account’s bulletin notes. “We’ve accomplished abrupt abstruse issues ablution all 3 articles at the aforementioned time,” the tweet says.
The cheep has added than 12,800 brand and over 3,000 retweets at the time of writing. Safemoon has a actual alive amusing media ‘army’ and it matches added alive amusing media armies from crypto bill like DOGE, XRP, and the LINK marines. But there are a cardinal of bodies that accept warned the activity may not be legitimate. Despite this, hardcore association associates accept there is annihilation to anguish about and they are cogent others to “be patient.”
Reddit Post Alleges Safemoon Is ‘Exploited,’ Safemoon Community Insists Accusations Are ‘FUD’
At the time of writing, safemoon (SAFEMOON) is exchanging easily for $0.00000266 per assemblage and the bread is a Binance Smart Chain token. The bazaar is airy at times, in allegory to best coins, and in accession to the troubles with the wallet launch, Safemoon has been accused of actuality “exploited.”
On August 28, 2021, a column submitted to the Reddit appointment r/cryptocurrency by the user u/tngsystems, accuses Safemoon of actuality “exploited from day 1” and it has allegedly siphoned $68.4 million. At columnist time, this specific Reddit column has added than 2,000 upvotes, and over 900 comments. The claims are acknowledged and a abundant cardinal of Safemoon association associates abjure the allegations entirely.
There are those who accept the being who wrote the cilia and his commentary, while abounding from the Safemoon association dedicated the project. A cardinal of bodies alleged the accusations “baseless,” “public information,” and the appointment poster’s first comment has been pushed down.
“Yesterday, on the 27th August, the aggregation at Doxxlocker appear their assay on Safemoon,” the Redditor u/tngsystems said. “According to Doxxlocker, they are commissioned to accomplish on-chain assay to acquisition discrepancies or affirmation of atrocity on BSC tokens. An assay of the agreement deployer (V1 Clamminess Basin [LP]) and the arrangement owner’s wallet (interacts with the V2 LP) has begin that generated clamminess from the arrangement (5% tax on transactions) has not been absolutely alternate to the clamminess pool.” The Redditor added added:
However, the Doxxlocker audit has been accused of shilling addition badge alleged “hyperdeflate (HDFL),” and the Safemoon association has criticized the analysis a abundant deal. “It’s been acquaint actuality (r/safemoon) like 30 times back yesterday,” said one individual. “I would accord it little arete due to the timing and the actuality that the bodies overextension it acquaint their badge into the reports. I anon asked them about the acumen of that bygone and they would not answer. They instead deflected.”
The auditor’s website does absolutely appearance a badge alleged hyperdeflate (HDFL) and no added tokens are present at the time of writing. The official Doxxlocker report, that’s discussed in u/tngsystems’ r/cryptocurrency thread, can be apprehend in its absoluteness here. There is additionally another audit completed by Certik Security on Safemoon project, which was appear on May 3, 2021.
What do you anticipate about the altercation that surrounds the Safemoon activity and the contempo column on the Reddit appointment r/cryptocurrency? Do you anticipate there is authority to the accusations or no? Let us apperceive what you anticipate about this accountable in the comments area below.
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