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SEC Alleges Fraud Against SafeMoon Amidst System Flaw Exploit
Sfm Tokens

SEC Alleges Fraud Against SafeMoon Amidst System Flaw Exploit

The US SEC has accused decentralized finance project SafeMoon of fraud following a system flaw in March that resulted in a loss of 8.9 million BNB. The breach was linked to a vulnerability in SafeMoon's smart contract, allowing malicious transfers of 32 billion SFM tokens. Insider involvement is suspected.