Crypto Project Safereum Plunges 94% After Alleged Exit Scam
The cryptocurrency project Safereum has been accused of conducting an exit scam, with the developers allegedly dumping over 600 Ether worth of its holdings and causing the price of the Safereum token to plummet more than 94%. The scam came just hours after the team had raised approximately $600,000 for a derivative token called "Safepad." The total stolen sum is estimated to be roughly 720 ETH, worth $1.27 million at current prices. Several influencers, including ProTheDoge, have been called out for their alleged roles in promoting the project.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Coinbase's full-year revenue reaches $6.1 billion, more than double from 2023
Quarterly revenue of $2.3 billion was up significantly from $953.7 million in the same period last year.COIN shares are up 16% in 2025 and up about 112% over the past year.
Trump-backed World Liberty Financial’s MicroStrategy-like token reserve is ‘mostly a clever grift,’ Two Prime CEO says
World Liberty Financial’s new strategic token reserve aims to support major cryptocurrencies like Bitcoin and Ethereum, potentially giving renewed utility to its struggling WLFI governance token.Critics argue that WLFI’s structure allows the Trump family to profit from political influence while offering no direct claims to the reserve for token holders.
XRP price analyst targets $8 as ETF approval speculation intensifies
Analysts Are Both Bullish and Extremely Cautious on This Altcoin: FOMO Warning
Trending news
MoreCrypto prices
More
