When Safereum devs opened the native token and threw it away, the carpet pool was afraid
The crypto community feared the worst after seeing a massive withdrawal from the cryptocurrency project Seferium, just hours after the group completed a massive $600,000 fundraising.
According to blockchain security Certike and other analysts, the developers of Safereum – using the token address “safereum.eth” – opened the token offering and threw away holdings worth more than 600 Ether (ETH), causing price inflation. Safereum (SAFEREUM) token to jump over 94%
#CertiKSkynet Alert
We can confirm that @Safereumio did a ~$1.3m exit scam.
Eth: 0xb504035a11E672e12a099F32B1672b9C4a78b22f
safereum.eth Safereum tokens are unlocked and sold. Also ~$597k raised for project SAFEPAD token.https://t.co/aAxjcEmdcH
— CertiKAlert (@CertiKAlert) October 23, 2023
The so-called rag-pull comes after the team has completed fundraising of nearly $600,000 for the resulting token, Safepad. It is understood that these funds were part of a total stolen sum of $1.27 million at current prices, a total of 720 ETH.
Certike said the illicit funds were distributed through a series of wallets, further complicating the monitoring process.
The official Safereum account on X (formerly Twitter) has also been deleted.
At the time of publication, SAFEREUM was trading at $0.0000008, down 94.1% from $0.000014, before the alleged withdrawal scam.
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Anonymous non-vulnerable token (NFT) trader Dieed.eth has described the Safereum scam as one of many “crazy” scams it has seen.
“Safereum/Safereum just hit the craziest rugs I've ever seen, after completing their 700e Safepad presale they've dropped over 600e Safereum and Safepad for one last exit,” they wrote in an X post to their 12,600 followers.
safereum/Safepad Hit the craziest mats I've ever seen, after ending their 700e Safepad pre-sale, they're throwing in over 600e of Safereum and Safepad for one last exit pic.twitter.com/HwX70DFCar
– died.eth | idk.eth (@website) October 23, 2023
Meanwhile, a number of influencers have been called out for their alleged role in promoting the Seferium project.
Blockchain sleuth ZachXBT pointed to a fake user known as ProTheDoge in his role as the official promoter of the scam project, suggesting that this isn't the first time the user in question has done a bit of hard work.
It looks like influencer ProTheDoge is back at it by introducing cheats as an official partner of the project.
This time the rug was pulled by Safereum with 730+ ETH ($1.2M).
0x67c8423a7709aDB8ED31c04DcbB0C161637b807F pic.twitter.com/o5qi9rmC3e
— ZachXBT (@zachxbt) October 23, 2023
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