The crypto community is fearing the worst after witnessing a massive loss of liquidity just hours after team members of the Safereum cryptocurrency project completed a massive $600,000 fundraising.

According to blockchain security firm CertiK and other analysts, Safereum's developers opened the token supply using the token distribution address "safereum.eth" and dumped more than 600 Ether (ETH) worth of holdings, causing the price of the Safereum (SAFEREUM) token to drop more than 94%. caused.

Pseudonymous NFT trader Died.eth called the safereum scam one of the most “crazy” rug pulls he has ever seen.

Meanwhile, some influencers promoting the Safereum project appear to have been criticized for their roles. Blockchain detective ZachXBT noted that a pseudonymous user named ProTheDoge served as the official promoter of the scam project, while similar situations have occurred before.

How do you think such frauds can be prevented? We are waiting your comments.#Safereum#cryptocurrency #scam