THELOGICALINDIAN - As the bitcoin bazaar matures and agenda assets accomplish absorption boundless pump and dump approach breed One archetype is Safemoon
In such schemes, acclaimed individuals utilize their bulge to advance a cryptocurrency and so addition its price, while accompanying planning a big sell-off of their actual accumulation of the bread at the “inflated” price.
Ben Phillips, a above Safemoon influencer, has been answerable with orchestrating a $12 actor pump and dump fraud. He is accused of announcement Safemoon through his access while accordingly affairs millions of tokens.
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SafeMoon has been affected in added altercation as YouTuber Stephen Findeisen, a.k.a. “Coffeezilla,” makes the accuse adjoin Phillips, the company’s above arch business officer.
Making Millions Of Bucks On Safemoon
Ben Phillips, a UK-based influencer best accepted for his antic videos, has over 4 actor YouTube subscribers and, like abounding added influencers, has been acutely absorbed in the worlds of cryptocurrencies and NFTs.
Phillips has frequently aggregate and announced about Safemoon — an altcoin activity on the Binance Smart Chain (BSC) — but this could be the antecedent of all the complications.
Phillips was consistently affairs his Safemoon for millions of dollars, according to Coffeezilla’s probe, afterwards pumping it through his amusing media networks and watching the amount climb.
Blowing His Cover
Phillips appear his wallet advice with supporters in a Tweet on April 12 aftermost year, allurement that they pay for his Starbucks. This accustomed internet sleuth Coffeezilla to investigate a tip he’d accustomed as allotment of a beyond analysis into the abominable counterfeit advance bold badge SafeMoon.
Additionally, the YouTuber included images of all tweets in which Phillips fabricated agnate remarks, abiding chronologically, as able-bodied as specific advice about his depression and alike important BscScan URLs that clue his transactions.
Phillips purchased SafeMoon on PancakeSwap for $4 actor in March and awash it for $16 actor in December, according to CoffeeZilla’s calculations – applique him a handsome $12 actor profit.
SafeMoon launched in March 2024 and anon acquired tens of bags of percent. However, in December 2024, the aggregation launched a Version 2 arrangement at a altered arrangement address, thereby absolute the Version 1 contract.
Meanwhile, Phillips has removed the majority of his posts and his Twitter handle now appears to be as new as a daisy. He has about acclimated acrid accent in his tweets, including one in July aftermost year in which he admired a Safemoon bang would “be hit by a bus.”
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