Cryptocurrency Q&A Why did SafeMoon collapse?

Why did SafeMoon collapse?

Riccardo Riccardo Sun Oct 27 2024 | 6 answers 1280
I'm curious about the reasons behind SafeMoon's collapse. It seemed to be a promising project, but suddenly its value plummeted. What factors contributed to this significant downfall? Why did SafeMoon collapse?

6 answers

GeishaCharm GeishaCharm Tue Oct 29 2024
SafeMoon experienced a significant downturn in its value.

Was this helpful?

137
83
noah_smith_researcher noah_smith_researcher Tue Oct 29 2024
The Securities and Exchange Commission played a key role.

Was this helpful?

326
78
SumoHonorable SumoHonorable Tue Oct 29 2024
Fraud was the primary charge levelled against the team.

Was this helpful?

237
31
Sara Sara Tue Oct 29 2024
The SEC further alleged that the team rugged the project.

Was this helpful?

44
54
Caterina Caterina Mon Oct 28 2024
Additionally, the SEC claimed misappropriation of funds.

Was this helpful?

190
35
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts