SEC Charges Crypto Company SafeMoon and its Executive Team for Fraud

[Bureau]

Another suprising deal by the SEC. Considering the way US works and SEC work's I am noy surprised. Eventually this is the way how a country works when they legally accept money to promote thier objectives. In the end their idea will I promoted even if they approve or put the promoters to trial.

[Dunamisx]

I just read the news. Get out while you still can!

Hey there,  first as a member rank you shod know how important it is to make use of the search feature in the top right hand to check whether or not the topic is already being discussed or not before going ahead to create a new one,  because this topic about safemokn CEO arrest and charges is already being discussed in another thread.

You can take a lock and lick this thread there after.  
https://bitcointalk.org/index.php?topic=5472480

Aside from this advise, permit me to add my own contribution to advise OP from what he doesn't know or take serious in making a post, when bringing in any news or latest updates, try to always add your own personal thoughts to it, we want to hear your own personal interest on that same subject matter, you can't just publish a post and include the reference because you realized the consequences but couldn't give your own personal opinion regarding what you are posting, it's such a pity.

[vv181]

I remember that SafeMoon were heavily endorsed and shilled. Extremely shady at that point, given of how their project goals. And now here we come, they got what they deserved. Im sure a lot of similar project follow the same schemes, and I believe those who have public-facing team would be persecuted when cryptocurrency regulation became tighter and enforced.

This is also a general warning that most altcoins and tokens are simply outright scam. The developers are built nothing new and only seek for a quick profit.

[Silberman]

Hope that they can’t get away from this and suffer the consequences of being too greedy.
This kind of promised investment are too risky, this is not the only project that have the same scheme, hoping that the government will continue their effort to chase those scam projects and make them pay for the damages. If you’re a victim of a scam project and you know its founder and it’s team, don’t be afraid to take legal actions.

The amount of money they scammed out of investors and all the other crimes they committed guarantees they will face a lot of jail time if found guilty as this is not a small scam at all and we are talking about hundreds of millions here, still it is very depressing that people still trust on the words of shady developers and give them so much power and money, I really hope that anyone that was still invested on this coin was able to get out as early as possible, because looking at the charts the drop was completely vertical and the coin lost almost all its value in less than 24 hours.

[Iron Fist]

I just read the news. Get out while you still can!

Hey there,  first as a member rank you shod know how important it is to make use of the search feature in the top right hand to check whether or not the topic is already being discussed or not before going ahead to create a new one,  because this topic about safemokn CEO arrest and charges is already being discussed in another thread.

You can take a lock and lick this thread there after.  
https://bitcointalk.org/index.php?topic=5472480

Aside from this advise, permit me to add my own contribution to advise OP from what he doesn't know or take serious in making a post, when bringing in any news or latest updates, try to always add your own personal thoughts to it, we want to hear your own personal interest on that same subject matter, you can't just publish a post and include the reference because you realized the consequences but couldn't give your own personal opinion regarding what you are posting, it's such a pity.

Thank you both for your comments and suggestions, but I don't think they are well thought out in this case.

First, Wiwo made the mistake of thinking that the other thread was created before mine, which was not true.

Second, your advice generally makes sense, but you may notice that the timing was crucial. Those who reacted promptly managed to safeguard a substantial portion of their assets, given that the SFM token's value plummeted over 80% within a matter of hours after the news broke. I just wanted to share breaking news with the community so they can protect themselves.