SafeMoon files for bankruptcy amid legal woes and executives arrest

SafeMoon files for bankruptcy amid legal woes and executives arrest

Market Analysis
December 16, 2023 by secret
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[ad_1] SafeMoon, once promising, files Chapter 7 bankruptcy amid SEC fraud charges. SEC alleges executives diverted $200 million for personal use; arrests follow. Safemoon (SFM) token value drops 54% post-bankruptcy, market cap plunges from $1B to $17.18M. In a startling turn of events, decentralized finance protocol SafeMoon has filed for Chapter 7 bankruptcy amid a