![]() ![]() It is not clear which audit Gokhshtein meant but CertiK, a cryptocurrency security ranking platform, is in the process of assessing SafeMoon. Newsweek has contacted SafeMoon and its CEO John Karony for comment, but has not received a response.ĭavid Gokhshtein, a prominent cryptocurrency investor, wrote in a tweet on Monday: "Talk to me about SafeMoon when the security audit is done." ![]() Better case, this was a euphoric rally driven by TikTok and other viral marketing engines." He told Markets Insider: "Worst case, this is a scam or Ponzi scheme. John Wu, president of Ava Labs-which developed the Avalanche platform for building crypto networks-said SafeMoon had benefited from social media hype. SafeMoon's dev team says the token will be available in the Middle East soon and announced a China launch on Tuesday. Cryptocurrencies are infamous for volatility and the price of SafeMoon is tiny compared to bitcoin, the best-known crypto, which is valued at $54,000. SafeMoon is currently valued at around $0.000005, down around 10 percent in the past 24 hours and around 60 percent from its all-time high. The currency's price rose to a high of around $0.000014 on April 20, though it fell sharply afterwards. Its social media community often rallies when news is released about the crypto, sharing the #SafeMoon hashtag. The token has attracted a great deal of attention online since its launch-it is the most-viewed currency on the listing site CoinMarketCap. Half of this fee is redistributed to people who still own the currency, known as "holding." ![]() SafeMoon works by issuing a fee of 10 percent to people who decide to sell the token. The cryptocurrency, which was set up last month, has been listed on a number of other exchanges, including ZBG, but has yet to make its debut on major platforms such as Binance or Coinbase. Tesla Sells Bitcoin, Elon Musk Denies Pumping and Dumping Cryptoĭetails on the proposed SafeMoon exchange are scarce.Bitcoin Down Over 10 Percent Amid Biden Capital Gains Tax Speculation.Unlikely to Join Other Nations in Banning Bitcoin ⚠️ By following these guidelines, we can collectively maintain a secure and respectful environment within our community. ![]() Exercise particular caution with suspicious emails and external wallet connections: Interacting with suspicious emails or connecting your wallet to external websites should be approached with great caution.Additionally, claims requiring you to "validate" should be treated with suspicion. Beware of "support" or "validation" claims: If someone purports to be from a "support" team, be aware that they may be attempting to scam you.Approach them with caution and verify their legitimacy before engaging. Exercise caution with all URLs, emails, forms, and direct messages: Be highly skeptical of any URLs, emails, forms, or direct messages you receive.Never share your wallet passphrase: Under no circumstances should you disclose your wallet passphrase, as it poses a significant risk to your assets.⚠️In order to ensure your security and protect your assets, please adhere to the following precautions: It is essential to strike a balance and treat others with respect, acknowledging that while not everything may be idyllic, we discourage the dissemination of hatred.We believe in fostering an inclusive atmosphere that encourages constructive dialogue rather than creating an echo chamber of either positivity or negativity.⚠️ As a reminder, Reddit is an open platform that embraces diverse opinions and perspectives. Please assist us by promptly reporting any content that may be harmful or objectionable, as it plays a vital role in our efforts to uphold cleanliness and friendliness within the community.We kindly request your cooperation in maintaining a safe and positive environment. ![]()
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