SafeMoon files for bankruptcy amid legal woes and executives arrest

SafeMoon, once promising, files Chapter 7 bankruptcy amid SEC fraud charges. SEC alleges executives diverted $200 million for personal use; arrests follow. Safemoon (SFM) token value drops 54% post-bankruptcy, market cap plunges from $1B to $17.18M. In a startling turn of events, decentralized finance protocol SafeMoon has filed for Chapter 7 bankruptcy amid a cascade […] source: https://coinjournal.net/news/safemoon-files-for-bankruptcy-amid-legal-woes-and-executives-arrest/