Not even Safemoon is safe! I think most traders who know anything about the cryptocurrency saw this one coming.
Executives are charged with securities violations and fraud.
And there are allegations of insider involvement in a recent exploit turned hack and lost funds.
How else is a coin updated and then attacked on the day of the update? Purely coincidence?
Doubtful.
Sounds suspicious
The attacker will be allowed to keep the remaining 20% of exploited crypto, according to SafeMoon developers.
SafeMoon is a decentralized finance (DeFi) protocol that runs on BNB Chain. It was hacked on March 28, resulting in a loss of 27,000 BNB, worth $8.9 million at the time.
On April 18, at 1:19 p.m. UTC, the SafeMoon Deployer account posted a transaction to the BNB network with the attacker’s address as the recipient. The transaction contained a coded message in 8-bit Unicode Transformation Format (UTF-8) that stated the following:
“SafeMoon has reached an agreement with the party currently holding the funds. Specifically, SafeMoon has agreed to accept 80 percent of the amount returned, with the other party retaining the balance as a bounty. SafeMoon has further agreed not to file any legal actions against them. After careful consideration of the circumstances, it is believed this is in the best interest of SafeMoon and the community.”
Incredible!
Inside Job? and what the hell is a bounty, are they paying him for catching himself, lmao
It’s ridiculous. I can see this becoming the norm. Founders or parties related to the founders or a dev hack the currency, then offer back the funds in exchange for a fee. Why wouldn’t the project agree, publicly?
Charging and conviction them of a crime would put an end to that.
Is it possible to hack a bank for a billion and be allowed to return 80% of it without being charged with a crime and sent to prison?