The cryptocurrency project Safereum has left the crypto community in shock after a significant amount of liquidity was drained from the project shortly after a successful $600,000 fundraising campaign. The developers of Safereum unlocked the token supply and sold over 600 Ether, causing the price of the Safereum token to plummet by more than 94%. This incident, known as a “rug pull,” resulted in a total loss of approximately $1.3 million. The stolen funds were distributed through various wallets, making it difficult to track. The official Safereum account on Twitter has also been deleted. The project had recently raised funds for a derivative token called “Safepad,” and it is believed that these funds were part of the stolen sum. Influencers, including ProTheDoge, have been called out for their alleged involvement in promoting the scam project. This incident has been described as one of the most extreme rug pulls witnessed by the crypto community. The Safereum token is currently trading at a significantly reduced price compared to before the exit scam.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	1
People	ProTheDoge, ZachXBT, died.eth
Companies	CertiK, ProTheDoge, Safereum, X (formerly known as Twitter)
Currencies	SAFEREUM, Ethereum
Securities	None