ChainCatcher news reports that, according to Cyvers Alerts monitoring, the DeFi protocol SafeMoon has experienced a series of abnormal transactions. The SafeMoon deployer added an address starting with 0xc18 as approveLiquidityPartner, and subsequently, that address removed liquidity from multiple liquidity pools and transferred assets worth $11.2 million to an address starting with 0x6f9 on the Ethereum, BNB, and Polygon chains.It is noteworthy that SafeMoon announced the bankruptcy of SafeMoon U.S. LLC on January 19, 2024. It remains unclear whether these transactions are related to the bankruptcy case.

ChainCatcher news, according to Inner City Press, the CEO of the DeFi protocol SafeMoon on the BNB Chain, Braden John Karony, founder Kyle Nagy, and CTO Thomas Smith have been indicted in the U.S. District Court for the Eastern District of New York, accused of conspiracy to commit securities fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. Karony was recently arrested in Provo, Utah.In November, Karony was ordered to be detained during a bail appeal and was taken to EDNY, but recent BOP database records show that Karony spent Christmas at the Brooklyn MDC.

ChainCatcher news, cryptocurrency company SafeMoon filed for bankruptcy on Thursday, with its executives facing criminal charges in the U.S. SafeMoon stated that it has 50 to 99 creditors, assets between $10 million and $50 million, and debts ranging from $100,000 to $500,000. Unlike other cryptocurrency companies that filed for Chapter 11 bankruptcy, Chapter 7 bankruptcy typically does not have the intention of restructuring and restarting the company. SafeMoon's executives were arrested last month by U.S. officials on charges of conspiracy to commit securities fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering, but founder Kyle Nagy has been charged but has not yet been arrested. The company is also facing a lawsuit from the Securities and Exchange Commission, alleging fraud and violations of securities laws. SafeMoon's SFM has plummeted 42% in the past 24 hours, despite its low liquidity and relatively small market capitalization.

ChainCatcher news, Watcher.Guru posted on social media that the decentralized finance project SafeMoon has officially filed for Chapter 7 bankruptcy.It is reported that in November of this year, the U.S. Department of Justice and the SEC charged SafeMoon executives with participating in a fraudulent scheme and the unregistered issuance of crypto securities. The indictment states that SafeMoon founder and executives Braden John Karony, Kyle Nagy, and Thomas Smith are accused of conspiring to commit securities fraud, wire fraud, and money laundering.Prosecutors stated that the defendants intentionally transferred and misappropriated tokens worth over $200 million from the liquidity pool for the purchase of luxury cars, real estate, and personal investments.

ChainCatcher news, according to Cointelegraph, U.S. federal prosecutors have managed to suspend the bail order of SafeMoon CEO Braden John Karony on the grounds that he poses a flight risk and that his release could "pose a danger to the community."

ChainCatcher News, the U.S. Securities and Exchange Commission has charged SafeMoon LLC, its founder Kyle Nagy, SafeMoon US LLC, and the company's CEO John Karony and CTO Thomas Smith with implementing a large-scale fraud scheme by selling unregistered crypto asset securities. According to the SEC's complaint, the defendants promised to "Safely to the moon" the token price, but they withdrew over $200 million worth of crypto assets from the project and misappropriated investor funds for personal use.According to a press release from the U.S. Attorney's Office for the Eastern District of New York, a federal indictment was unsealed in Brooklyn federal court, charging SafeMoon CEO Braden John Karony, founder Kyle Nagy, and CTO Thomas Smith with conspiracy to commit securities fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering, accusing them of deceiving investors in SafeMoon (SFM). As the market capitalization of SFM grew to over $8 billion, the defendants fraudulently transferred and misappropriated millions of dollars worth of so-called "locked" SFM liquidity for personal gain. Braden John Karony was arrested in Provo, Utah, Thomas Smith was arrested in Bethlehem, New Hampshire, and Kyle Nagy remains at large.According to the press release, although the defendants publicly denied holding or trading SFM, they repeatedly bought and sold SFM for personal gain, including trading at the peak market price of SFM, resulting in millions of dollars in profits. The defendants concealed the flow of their fraudulent proceeds through numerous private non-custodial crypto wallet addresses, complex trading routes, and anonymous centralized trading accounts, using some of those proceeds to purchase luxury cars and real estate in New Hampshire, Utah, and Florida. For example, Thomas Smith sent 2,900 BNB to a third-party crypto address, worth over approximately $860,000 (traceable to the SFM liquidity pool), to purchase a custom Porsche 911 sports car and NFTs.

ChainCatcher news, the DeFi protocol Safemoon on the BNB Chain has stated that the hacker has agreed to return 80% of the stolen funds, worth $7.1 million, and both parties have agreed to offer the hacker a 20% bounty for the exploit.Previous report, on March 29, a hacker drained nearly $9 million worth of SFM tokens from Safemoon's liquidity pool after exploiting a vulnerability in the smart contract. (CoinDesk)

ChainCatcher news, DeFi protocol Safemoon's CEO John Karony stated on Twitter: "The security incident affected the SFM:BNB LP pool; other LP pools on the DEX were not impacted. We have identified the suspicious vulnerability and have fixed it, and we have also hired blockchain forensic consultants to determine the exact nature and extent of the vulnerability. Our DEX is secure, and user funds are safe. Any upcoming upgrades and releases are also unaffected."Earlier news reported that the DeFi protocol Safemoon, based on the BNB Chain, was attacked earlier today, resulting in a loss of nearly $8.9 million from its liquidity pool. Subsequently, the attacker expressed on-chain a desire to return the funds. (source link)

ChainCatcher news, according to PeckShieldAlert data, the attacker of the DeFi protocol SafeMoon on the BNB Chain has expressed a willingness to communicate with the SafeMoon team and return the funds through on-chain messages.According to previous reports, SafeMoon was attacked 7 hours after the upgrade, resulting in a loss of $8.9 million. After the upgrade, SafeMoon introduced a vulnerability that allowed arbitrary token burning. The attacker first bought SafeMoon tokens, then inflated the price by burning SafeMoon tokens, and subsequently sold the tokens for profit. The attacker is identified as Mevbot, which had previously executed front-running attacks on other projects including PolarBearX, Nuwa, DBALL, and 520, and the address has records of interaction with CEX. (source link)

ChainCatcher news reports that the DeFi protocol SafeMoon, based on the BNB Chain, has been hacked, resulting in a loss of approximately $8.9 million from its liquidity pool. The SafeMoon team stated that its LP has been stolen and is taking swift action to address the issue. According to BscScan data, nearly $8.9 million in assets were transferred out of the liquidity pool.According to Peckshield, a recent update to SafeMoon introduced a "public burn vulnerability," allowing hackers to artificially inflate the price of SFM tokens using code, and then sell enough tokens back to the liquidity pool in the same transaction, effectively draining WBNB from the contract. (CoinDesk)

ChainCatcher news, the multi-chain routing protocol pNetwork tweeted that the Raven, Lbry, and Safemoon cross-chain bridges will be offline within two weeks starting today. Currently, pegins have been disabled, and pegout will be disabled starting December 19.pNetwork reminded in the tweet that each pSFM, pRVN, and pLBC token holder should redeem their native tokens as soon as possible to avoid asset loss. (source link)