{"id":88284,"date":"2023-12-15T09:48:36","date_gmt":"2023-12-15T07:48:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88284"},"modified":"2025-09-13T17:03:54","modified_gmt":"2025-09-13T14:03:54","slug":"safemoon-defi-project-files-for-bankruptcy","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/safemoon-defi-project-files-for-bankruptcy\/","title":{"rendered":"SafeMoon DeFi Project Files for Bankruptcy"},"content":{"rendered":"

On December 14, SafeMoon attorney Mark Rose \u043f\u043e\u0434\u0430\u043b<\/a> \u0437\u0430\u044f\u0432\u043b\u0435\u043d\u0438\u0435 \u043e \u0431\u0430\u043d\u043a\u0440\u043e\u0442\u0441\u0442\u0432\u0435 DeFi-\u043f\u0440\u043e\u0435\u043a\u0442\u0430. The SFM token fell sharply.<\/p>\n

Documents under the \u0413\u043b\u0430\u0432\u0435 7 \u041a\u043e\u0434\u0435\u043a\u0441\u0430 \u0421\u0428\u0410 \u043e \u0431\u0430\u043d\u043a\u0440\u043e\u0442\u0441\u0442\u0432\u0435<\/a> \u043d\u0430\u043f\u0440\u0430\u0432\u043b\u0435\u043d\u044b \u0432 \u0441\u0443\u0434 \u043e\u043a\u0440\u0443\u0433\u0430 \u042e\u0442\u0430. SafeMoon US LLC estimated its assets at between $10 million and $50 million, liabilities between $100,001 and $500,000.<\/p>\n

One Reddit user \u0440\u0430\u0437\u043c\u0435\u0441\u0442\u0438\u043b<\/a> a screenshot of a letter allegedly authored by the director of restructuring. According to the letter to the team, SafeMoon’s management could not pay employees’ salaries prior to filing for bankruptcy.<\/p>\n

\n

\u201cYou will have to sue in court \u2026 to recover unpaid wages,\u201d the notice says.<\/p>\n<\/blockquote>\n

In the wake of the news, the SFM token collapsed to around $0.00005898. Over the last 24 hours, the coin has fallen 39.2%, according to CoinGecko<\/a>.<\/p>\n

\"SFMUSDT_2023-12-15_09-32-39\"
Hourly chart of SFM\/USDT on Gate.io. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

In March, an unknown party compromised SafeMoon’s liquidity pool on BNB Chain and withdrew assets amounting to around $9 million<\/a>. PeckShield experts suggested that the bug exploited by the hacker arose from a prior update to the burn function’s code.<\/p>\n

Later the attacker agreed to return 80% of the withdrawn funds<\/a> in exchange for ceasing the pursuit.<\/p>\n

Earlier in November, the Eastern District of New York prosecutors filed charges<\/a> against the founders and executives of SafeMoon for fraud amounting to millions of dollars.<\/p>\n

In the same month, authorities paused the bail process<\/a> for the project\u2019s CEO John Karoni due to concerns about flight risk and \u201cdanger to the public.\u201d The U.S. Securities and Exchange Commission also brought charges against the leadership.<\/p>\n","protected":false},"excerpt":{"rendered":"

On December 14, SafeMoon’s attorney Mark Rose filed for bankruptcy for the DeFi project.<\/p>\n","protected":false},"author":1,"featured_media":88285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,1093,26],"class_list":["post-88284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-defi","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=88284"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88284\/revisions"}],"predecessor-version":[{"id":88286,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88284\/revisions\/88286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/88285"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=88284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=88284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=88284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}