SafeMoon
A reflection token that rocketed on 'HODL' marketing and then bled for two years. In November 2023 US prosecutors and the SEC charged its executives, alleging fraud and misuse of the project's funds.
- 1-1y
- 2-6mo
- 3-6mo
- XDeath
Spacing is ordinal, not to scale. Numbers match the list below.
- 1
The whole pitch was holding the token, with no product behind it.
Visible 1 year before death | No real product
- 2
Prosecutors alleged the 'locked' liquidity stayed under insider control.
Visible 6 months before death | Liquidity not truly locked
- 3
Prosecutors alleged insiders sold while the community kept buying.
Visible 6 months before death | Insiders selling
U.S. Securities and Exchange CommissionIRS Criminal Investigation (J5)
A token that only exists to be held is a hostage situation, not a thesis.
- SEC Charges Crypto Company SafeMoon and its Executive Team for Fraud and Unregistered Offering of Crypto SecuritiesU.S. Securities and Exchange Commission
- Founders and executives of digital-asset company charged in multimillion dollar international fraud schemeIRS Criminal Investigation (J5)
- SafeMoon executives charged in US with fraud related to crypto tokenReuters
Editorial summary of public reporting. Allegations are labeled as allegations. Not financial or legal advice.
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