Rug pull feared as Safereum devs reportedly unlock and dump native token

The crypto community has been left fearing the worst after seeing huge sums of liquidity drained from the cryptocurrency project Safereum just hours after its team had finalized a massive $600,000 fundraising.

According to blockchain security firm CertiK and other analysts, the developers of Safereum — using the token deployment address “safereum.eth” — unlocked the supply of the token and dumped more than 600 Ether (ETH) worth of its holdings, causing the price of the Safereum (SAFEREUM) token to plunge more than 94%.


We can confirm that @Safereumio has conducted an exit scam for ~$1.3m

Eth: 0xb504035a11E672e12a099F32B1672b9C4a78b22f

safereum.eth unlocked…

Read more on Cointelegraph

16.4K Reads