Beware of the Rug Pull Safereum Devs Allegedly Unlock and Dump Native Token

Safereum investors fear rug pull as developers allegedly unlock and dump native token

Oh, crypto community, brace yourselves! The notorious rug pull has struck again, and this time it’s Safereum that’s feeling the burn. After successfully raising a whopping $600,000 for their derivative token called “Safepad,” the team behind Safereum decided to pull a disappearing act faster than you can say “blockchain.”

Here’s how the scam unfolded: using their cleverly named token deployment address “safereum.eth,” the developers unlocked the token supply and dumped a staggering 600 Ether (or as we like to call it, ETH – because speaking in acronyms makes us feel fancy) worth of their holdings. The result? The price of the Safereum (SAFEREUM) token plunged an eye-watering 94% in no time.

Now, you might be wondering, who’s the organization reporting this grand rug pull? Well, it’s none other than blockchain security firm CertiK. They’ve been vigilantly watching the drama unfold, like Sherlock Holmes on a mission to catch a crypto culprit.

But wait, there’s more! The Safereum team didn’t just pull off this rug pull masterstroke for kicks and giggles. They managed to snatch a staggering 720 ETH, which, at current prices, amounts to a jaw-dropping $1.27 million. Now, that’s what we call a getaway plan!

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As expected, CertiK had their detective hats on and tracked the stolen funds through a series of wallets. It’s like chasing a slippery eel swimming through a maze of underwater caves. Those scammers sure know how to hide their tracks.

But that’s not all. The plot thickens when we discover that the official Safereum Twitter account has vanished into thin air, like a magician’s assistant who’s had enough of disappearing acts. Poof! Gone!

So, dear crypto enthusiasts, how much is the SAFEREUM token worth now? Brace yourselves for the mind-boggling price of $0.0000008. Yes, you read that right, it’s a staggering 94.1% drop from its previous price of $0.000014. Ouch.

Now, let’s not forget the colorful characters involved in this escapade. NFT trader Died.eth described the Safereum scam as one of the most “insane” rug pulls they’ve ever witnessed. And you know it’s insane when even the seasoned traders are left scratching their heads in disbelief.

Influencers also find themselves in the hot seat, with some being called out for their alleged roles in promoting the Safereum project. One such individual is the pseudonymous user ProTheDoge, who has quite the reputation for lackluster due diligence. Remember folks, always do your research before diving headfirst into the crypto ocean.

Well, that’s all the drama we have for you today, folks. Just another day in the wild and wonderful world of cryptocurrencies. Remember to stay vigilant and keep an eye out for those rug pullers. Happy investing!

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Hey there, fellow crypto enthusiasts! Have you ever witnessed a rug pull as outrageous as the Safereum saga? Share your craziest stories in the comments below. And remember, always keep one eye on your investments and the other on the latest crypto news. Until next time, happy investing!

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