Rug Pull Feared as Safereum Developers Reportedly Unlocked and Dumped Native Token

According to has blockchain security analysts, THE developers of THE Safereum project suddenly sold more that 700 ETH value of It is native token, Sending in progress THE price of SAFERUM plunging more that 90%.

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THE crypto community has has been LEFT fearing THE worse After seeing huge are of liquidity drained Since THE cryptocurrency project Safereum just hours After It is team had finalized A massive $600,000 fundraising.

According to has blockchain security farm Certified And other analysts, THE developers of Safereum — using THE token deployment address "safereum.eth" — unblocked THE provide of THE token And abandoned more that 600 Ether (ETH) value of It is assets, provoking THE price of THE Safereum (SAFERUM) token has dive more that 94%.

#CertiKSkynetAlert

We can confirm that @Safereumio has led A exit scam For ~$1.3 million

Eth: 0xb504035a11E672e12a099F32B1672b9C4a78b22f

safereum.eth unblocked Safereum tokens And sold. In addition ~$597,000 was raised For THE projects SECURITY token.https://t.co/aAxjcEmdcH

— Certified Alert (@CertiKAlert) October 23, 2023

THE supposedly carpet to pull came After THE team finalized A funds increase of approximately $600,000 For A derivative token called "Safe." These funds are Understood has to have constituted part of THE total stolen sum, which totalized roughly 720 ETH — value $1.27 million has current price.

Certified note that THE illegitimate funds had Since has been distributed through A series of wallets, further obscure THE monitoring process.

THE official Safereum account on X (Previously known as Dumbass...