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    1. coinfeeds-bot on

      tldr; In the trial of former SafeMoon CEO John Karony, prosecutors accused him of being a ‚remorseless liar‘ in their closing arguments. They presented evidence of Karony’s alleged lies to investors, including private messages showing he concealed insider holdings and misrepresented payouts. Prosecutors highlighted Karony’s role in withdrawing $43 million from SafeMoon’s liquidity pool while publicly claiming it was locked. The defense will present its closing arguments next, with jury deliberations expected to begin soon.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. NachosforDachos on

      I ran this contract once and didn’t do too bad.

      Only months later I figured out how the liquidity thing works. It puts the liquidity where it needs to be. But under the owners name so you can withdraw it.

      Even if you denounce ownership of the contract it still puts that liquidity under the previous contract owners address.

      If you look at the transaction on bscscan they have been doing this since the moment the contract went live after pre sale.

      They didn’t make this V1 safemoon contract

    3. CriticalCobraz on

      It’s wild to see Karony publicly claim innocence and try to shift blame to the founder, even as his own CTO testifies against him and the blockchain forensics tell a completely different story. 

      SafeMoon was marketed as a safe, community-driven project, but the evidence shows it was just another rug pull with the usual playbook: hype, deception, and insiders cashing out at everyone else’s expense.

    4. barrygateaux on

      The safe moon sub still gets the occasional person asking how they can sell their tokens and what progress has been made with the project.

      It was the same with Josh Garza and paycoin back in the day. Safemoon promised windmills in Africa as a way to generate money and paycoin pretended it was partnering with Amazon.

      There’s a load of rug pulls every day, but with these long drawn out scams with a figurehead spewing ridiculous lies it’s educational to watch how people behave in real time in online communities. They always end up as cults. I find it fascinating.

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