DeFi Project SafeMoon’s Liquidity Pool Has Been Compromised March 28th Project statement on Twitter.
The project said it was taking steps to resolve the issue, but gave few other details about the matter. It is unknown if it was stolen or recovered.
SafeMoon CEO John Karony (aka Captain Hodl) also retweeted the project’s initial statement on his Twitter account without comment.
This compromise was made at the wrong time. SafeMoon recently promoted their security product, his Orbital Shield. While the issue doesn’t appear to be directly related to his Orbital Shield, the incident may not inspire confidence in the project’s broader security efforts.
SafeMoon’s native token (SFM) does not appear to have been issued within an hour of this news. As of 11:15pm UTC on March 28, the token has fallen just 0.4% over the past hour. However, the token has lost most of its value since its launch in January 2022.
SafeMoon is a DeFi-focused project that aims to provide a way for investors to gain investment interest through redistribution, LP acquisition, and token burns.
The post where SafeMoon’s liquidity pool was compromised first appeared on CryptoSlate.
