I’ve read about this scam enough. I’ll say this though. I thought SFM and John K were going to take the scam artist of the year award in crypto. But I’ll change my vote to Do Kwon. He makes John K look like an angel now. Never thought I’d say anything nice about John.
SFM is a company on US soil. Sure regulation in crypto is still difficult, but if FBI, IRS or any other service wants to get its hand on John they can easily through SFM company. Cause he’s not the CEO of a random crypto registered in shady country or a crypto owned by an anonymous guys. Sure Mandala or Bitmart are located in Malta and Cayman, so not sure about them. (But Mandala have been working with Binance’s cloud team, and Binance is definitely not going to take risk of legal action if they have proof John is shady). And Bitmart is offering service to US customers so I presume they are somehow regulated. Or at least it’s not worth the risk for them to lose their US licence.
I didnt believe it and thought it cmc issue, then checked it in the exchange itself and its showing a big ZERO ! SFM/USDT SafeMoon 0.00050000 $0.000500 24h Change 0.00000000 0.00% 24h High 0.00050000 24hLow 0.00050000 24h Volume(SFM) 0.00 24h Volume(USDT) 0.00 [https://trade.mandala.exchange/en/trade/basic/SFM\_USDT](https://trade.mandala.exchange/en/trade/basic/SFM_USDT)
> and don’t serve another NDA purpose And that's biased speculation. See how this works? I'm speculating based on the evidence before me - John tweeting about the NFT which in the very same hour was purchased and sent to his wallet, John buying the stonks token after the tip off from Ben Phillips. That same wallet buying Beefy.finance and then Karony shilling it on twitter later. What about that *SAME* connection of wallets receiving the SXSW NFT you can only get for attending SXSW, which John did. My evidence that supports my argument is the blockchain + the IRL posts and evidence that Karony supplies willingly. Your evidence is literally nothing, and your argument is pure hopium nonsense. > And then explain why SFM partners (including Mandala’s CEO who publicly said he heard about the FUD, looked into it and still promoted SFM) are still partners with them if indeed John is stealing millions. Because Safemooners don't realise yet that **they are the product**. When these shitcoins pay to list on the Swap, or Mandala / Bitfinex want to list Safemoon, it's because they know the zombie army will buy any old mince. > Why is Bitmart still offering SFM? You tell me, but Bitmart probably still profits from Safemoon overall so... The army didn't seem to mind that *their* LP funds were pocketed. > Or maybe all people with insider knowledge are part of the BIG SCAM and only a fierce views starving YouTuber (helped by publicly known John’s haters) knows the real truth. This is a really long way to say "I don't believe the blockchain"
No that’s biased analysis. Show me proof these millions have been pocketed by John and don’t serve another NDA purpose. And then explain why SFM partners (including Mandala’s CEO who publicly said he heard about the FUD, looked into it and still promoted SFM) are still partners with them if indeed John is stealing millions. Why is Bitmart still offering SFM? I would be mad if I send millions to someone for a specific purpose and they just steal it. I don’t think I will continue to list their coin. Or maybe all people with insider knowledge are part of the BIG SCAM and only a fierce views starving YouTuber (helped by publicly known John’s haters) knows the real truth.
Mandala? The exchange that isn't available in the US or 20-something other countries? Lol those guys in the SFM sub have big brains to not have recognized that. I'm curious to see how many holders fall in those restricted countries.
The accusation is the one who need to provide proof. But let me do like you “every time a hater claim its authentic, it’s only based on speculation this or that might have be done by X or Y”. Show me proof John or any actual member of SFM did something illegal.
I know you all hate it and I know this is reddit suicide but there are some agreeable ones, mine are ADA, ETH, LTC, XLM, and here comes the hate I am also buying SFM, with so much hatred, it'll be there on the flip side. Hate me now, I'm ready
>Bold statement with nothing to support it. Um... [This](https://www.benzinga.com/markets/cryptocurrency/21/05/21290431/safemoon-unsafe-blockchain-security-firm-says-2-million-investors-at-risk-due-to-critical-), [this](https://blog.hashex.org/3-billion-backdoor-safemoon-security-analysis-5b74476698de?gi=77c6e09e698d), and [this most frequently visited debacle about SFM... from the "FUDers."](https://www.thismorningonchain.com/safemoon-sets-100-tax-on-version-1-transactions/) >So strange that everyone has something to say about others decisions on what they do with there money The point of internet... is to say something about someone doing something... >What is the value of this post and what's it's overall purpose? To ridicule and just push stuff you heard, or is there anything substantial to share? Ridicule and push the stuff I've read and heard. The only thing substantial to share is how great the lengths of someone utterly bleached their brains to be completely convinced that being stolen from is "okay." As long as it is safe and it moons, it is okay. Right? The answer is no, it's just influential posting of opinions... Which is exactly the internet for.
Would it be good? That depends. For the regular joe on the street this will confirm what he might think and that is that crypto is gambling and a Ponzi as many of the projects he has seen advertised (SFM, CRO) will have a hard time recovering to what they were at their ATH. This will attract further hatred and regulation. For the market itself, some regulation and a clear reminder that shitcoins... are indeed shitcoins is a good thing. Tldr: the answer depends on your point of view.
Yes I have a feeling a lot of the hate towards SFM is due to people investing more than they were willing to risk. It's too bad. There's also a lot of misinformation put out by influencers who just want followers, especially those blindly hyping up the project.
I go onto that sub and it is a surreal experience, everything is labelled as FUD and they compare SFM to BTC or ETH in the early days. Feels like a cult, it will be a very hard lesson but I feel for some who invested all their savings (like one middle aged dad invested over 40K and is 90% down) then again, if you are stupid then you are stupid.
Pretty much the whole market is pumping right now…. Well, except for SFM, which is hurtling back to earth at an outrageous speed after another whale, likely a dev, has abandoned ship. And still the SFM sub is bullish. “tHaNkS fOr tHe rEfLecTiOnS”
I often browse through their sub, it is quite an insanity. People are not only investing in SFM, but they are actively defending the developers. It awfully feels like a cult, and it is a reality check for me not to be emotionally overinvested in any project.
LOL! That's the most uneducated and idiotic opinion I've read on the sub all day, so... congrats, I guess? I'm not invested in ATOM but I know that it is at the heart of Terra, Cronos, and Secret chains, and definitely more chains in the future. That's very far from SFM, which has 0 usecase and ecosystem.
similar story here...had 800M SFM at one point (sold at .000005 = $4000). devs leaving was first red flag, missed wallet date after non-stop "ludicrous speed" talk is when I sold at a loss and put the money in XRP. i had high hopes, but refuse to diamond hand while watching shit fall apart. I'd be down 90% if I didnt sell.
Cryptobros want immutable code to be immutable, not changed when the house starts losing, ie code is law. That's different from wanting complete lawlessness. In the case of a code exploit I'd argue the exploiter was were using the code in an unintended way but I see no technical problem with that. In SFM's case it's a cut and dry attempt to defraud investors... They're different things.
True... But they just went traditional rugpull style, SFM pioneered the approach of using reflections to bypass the liquidity locks.... and using the LP reseeding process to artificially pump token price (or in their case... keep it afloat) while profiting without touching the bnb
I know it's easier for you guys in the SUB to watch pre-made videos or posts from TNG Systems (who, by the way, would sell his ass to collect moons). but i would recommend you to learn the blockchain and everything that goes with it or you can use twitter etc the community of SFM also posted it for completely learn resistant.
I have discussed this problem with former SFM investors over at r/SafeMoonInvesting. SFM is a scam and the DEVs used their CertiK audit as a marketing tool. CertiK failed to point the biggest flaw of SFM: the contract that allowed DEVs to siphon money out of the LP.
SFM's victims are perfect examples of one of the key differences between smart money and dumb money (not just by what they choose to invest in): emotional investment. Smart money is completely dispassionate when investing; if it's performing well, put more in, if it's doing badly, pull more out, end of story. Dumb money is constantly trying to rationalise and narrate the price action on their investment, using all manner of cognitive bias and primal emotion. A simple thing a SFM victim could ask themselves to see if they've invested smartly or dumbly, would be "if any asset had the price history and the reputation that SFM has now, would you invest in it?" If the answer is no, and you want to follow a smart investment strategy, dump your "investment" and try to do better next time.
There was a post, a proof, maybe, from Romani that the LP was not misused as alleged by CZ. I need to check that out first. For now, I will devote the remaining energy to look and scrutinize the spreadsheet on Twitter. If they are getting scrutinized by blockchain, it is only fair that they are allowed to defend themselves through proof by the blockchain. I'll just tally up whether the LP adds up or not. As much as I find the "army" irritating, there has been one community member that posted the address on BSC Scan on the subreddit over there for me to check whether I'm just being duped by CZ or not. While the way that the tweet was worded was, frankly, rubbed me a little bit in the wrong way, I appreciate his response by posting the addresses on the whereabouts of the LP. I'm also trying to look on the persons that are being interviewed by CZ that allegedly was trapped to fulfill the agenda that SFM bad and let me evaluate it by watching, then I might be partially in-the-know to give my thoughts on it. Any idea who was the informants though? I am having difficulties finding them so that I can watch the full, unedited video of CZ probably trapping them to say what he wanted them to say.
Is that supposed to be a shocking revelation that the concerns are mostly fake? I find the entire clusterfuck to be quite entertaining to say the least. Getting a rise out of the few "unique" individuals is even more hilarious. Back again to above topic. I think, for now, it's not a scam... if the definition of scam has an addendum of being charged with wire fraud. Theranos and Enron scams had their quotations removed after the bigwigs get convicted with wire fraud. That's from what I understand. And it's not the SFM themselves that are scamming people, it's the influencers that pretending to hold that are pumping and dumping. So yeah, it's just another project that I think, with all due respect that I can possibly muster, don't fit my goals at the current moment.
>In the description Coffee couldn't even put his name on the work. He said none of it was evidence and it was speculation. So WTF is up with that? Probably defending the legal bases. I've seen literal individuals going up against companies, they get steamrolled with legal fees. So yeah, speculation... as "uninteresting" and "inconclusive" that might have been. >There is no evidence of a pump and dump or rug pull. But sure as hell he loves to say there is. it's like me saying you like to strip naked in front of schools when they are active, but I never said you actually do it in while knowing how people will take it. Ben Phillips, chief among them. Jake Paul and two other influencers (that I can't really remember the names of) had received class-action lawsuit because of the rug pull. However, I do somewhat understand your point; the Safemoon did not rug pull their investors; the influencers did. influencers probably bought the money themselves, recognizing the "potential" of this project, and they are the ones that publicly (at least from the blockchain) that has pump and dumped. That doesn't explain the actions that Smith (a core team member aside from Kyle and Karony, I presume) fiddling with the liquidity. This is the [video](https://youtube.076.ne.jp/watch?v=InAQlZRuF1U) that I find quite interesting outside of Coffee's interview; I'm going to watch it more to get his perspective. For now, I am still under belief that (allegedly) Smith siphoned some cash based on the presented evidences on Coffeezilla's video. For now, I would scour the blockchain associated with SafeMoon. TL;DR: it is *technically* correct that SafeMoon did not rug pull or pump and dump; a few of the individuals are, however, involved with the aforementioned schemes; hence, the leap that leads to SafeMoon performing pump and dump. >He tried to say SM is just copying tech, but 99% of companies do this. Otherwise we would only have 1 company that is a baker, 1 company that is a hotel, 1 company that makes computers, 1 company that makes cars, etc Not relevant. >The people on staff that did try to rug pull. They don't work there anymore. Be careful... You're painting the possibility of this sentence to be translated as "they quit to protect themselves." Remember the 90 employees, probably a few of them hold quite important position. >Safemoon is, in my belief, a massive fraud created by promises of a "locked LP", and the idea of going "safely to the moon." In actuality this was all a lie ... >This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch.E Yeah, it's pretty much standard to commentary channels to "cover the legal bases." I think Mutahar did something of the line (frequent use of the word allegedly) from Safekids token. Probably irrelevant and I probably bring that up because Safekids was, in hindsight to probably everyone's surprise, is a rug pull... which is an unfair comparison to SFM. The comments cited "slander." I dunno, never created content before... >If you ask the correct people instead of sacked employees, you'll see John is working on getting the $6 million back to v1 users. This was nention 3 months ago by John, but as you have already stated, it's an extremely complicated contract. 😂 >Sooo poor, looking forward to the safemoon legal team knocking on your door. A comment from YouTube; ignore the "legal threats" to his channel... The thing that I pick is "depends on whom you asked." Dang, my head hurts. This is too complicated for me, especially on proving (alleged) siphoning of the funds and alleged pump and dump and rug pull by SFM themselves; as far as technicality concerned, the influencers are the ones that triggered the pump so they can dump.
To their (imaginary and non-existent) credit, Coffeezilla did make the mistake about the amount of the money lost during the V1 to V2 tax migration; it was not $100 million, but rather $6.3 million. Sure, the comment had been pinned after the video had released; the investors, understandably got mad. The investors doubled down and basically said "if this was wrong, there are other things that might be wrong with his investigation." **However**, that doesn't explain the money moving in and out of the (alleged) liquidity pool and (alleged) wallets. And let me **be crystal clear about my stance:** ***just because it is not as bad as the video had made it out to be, doesn't mean it is automatically absolved.*** The loss of investment due to the migration is smaller than the video had posted about; they are celebrating it, so there's a light in the end of the tunnel that it is "merely" FUDzilla incident. That is a confusing way to see at things; the only way that someone would think that is merely FUD without any substance is either complete newbies that convinced that the rags to riches story in cryptocurrency investments are the norm or someone that is in the grip of sunk cost fallacy that they are losing the grip of reality that it is, zooming out, with numbers, dropping. TL;DR: the sub had been emboldened by the comment pinned by Coffeezilla that the loss was a lot smaller than he had claimed before, "only" $6.3 million instead of $100 million, the loss is smaller and this is taken as SFM is legit... A legit project would have had considered it a very severe (if not, fatal) mistake; a relatively sound mind would probably, maybe, in my opinion, *think* that losing $6.3 million in total is, objectively, bad.
The fact is that Safemoon community is now spreading Coffee's mistake like wildfire and they are essentially saying if Coffee made a mistake on the $100 million to $6 million, that means everything he said is a mistake and a lie. That's how their community is taking it. Even though they can't disprove anything else Coffee said, it doesn't matter to them. If Coffee made a mistake on 1 detail, that means he's 100% wrong on everything. That's how the SFM community is taking it.
>long term ist build products. only that SFM doesn't have any actual products. I followed safemoon for over a year now and the number of times I got suspicios this can't be a good project was ridiculous. Just ask yourself honestly, how many times has karoney talked about some bs that turned out to be either straight up lies or just evaporated into nothing? Remember the Gambia talks for example, that african dude turned out to be a paid actor.
All crypto communities are echo-chambers, however, SFM investors are really deluded. There’s hard evidence that the DEVs are stealing their money and they still insist on defending them. I really think that most of the redditors in that sub are either bots or just paid to spread propaganda.
I believe the credit given to u/tngsystems was related to him correcting the amount lost from $106M to $6 - $8M. He can correct me if I'm wrong about that. The error wasn't so much a math error as a what the math means error.... $106M in LP tokens were minted to the SFM wallet as a result of the migration, these LP mints included money lost from from people trying to transfer but also included people who successfully migrated. SFM used a pretty novel system of migration that made detangling it all a bit confusing... that being said, it was clearly an error to report it that way and u/strider927 has acknowledged as much (also feel free to correct me strider).
I know I'm going to be called out, so let me just say I am a "Cult, toxic, piece of shit SFM Holder" Now that's out of the way, can i first add the FBI investigation concluded and nothing was found nor any criminality or wrong doing. Secondly we know Coffee admitted the numbers were wrong but decided and willingly to go with it. The team acknowledges the V1-V2 loss and has been acknowledged on Mar 24th 2022 by the CEO on Discord they are working to address it and reimburse. The supposed LP/John wallet is still to be addressed, it could be bad, good or just serves another purpose who knows? But the team right. What i was surprised at today and which I think gives everyone a full perspective on the entire crypto space, not just one project is TechLeada uncover of a $1TR scam. Whichever you look at it and whatever you may think, it is clickbait, mistakes were made, facts are not the truth, it is his opinion apparently and not backed by evidence. So I guess you can take your piece of the pie as you will, I respect everyone's opinion but I for one am happy to see through this and discuss it in a mature and logical conversation with anyone.
That has been my experience, it is decent. I said it is decent because there are other crypto**currencies** that I have used and offered a slightly better transfer speed and fees. However, I have used Stellar Lumens, Tezos, and Algorand. They are perhaps a little bit better. Then again, the amount that I had transferred is so small, I can use DOGE and any other. I have also had transferred using Monero; the only "downside" is its relatively lower ease of use; I needed to sync the entire blockchain before I can see my wallet. Downloading 80+ GB of its blockchain is a minor gripe for its anonymity features. Given DOGE's popularity and SHIB trailing behind, it is unironically the **currencies** that I support to be adopted. Yes, I did once hate them because i was looking it as an asset; which again, would be horrible because of its "lack of growth" if we define asset as something that grows in value. I have yet to use LN on Bitcoin, but the transaction costs on L1 dissuaded me from trying to use it. I feel all too well ETH's gas price particularly on L1; I have a feeling that L2 transactions are merely band-aid solutions, to be honest. I'm not considering SFM into the picture despite my efforts to not be "biased" against SFM... Any transactions that adds 10% flat fee to dissuade the holders to use it as currency is fishy to say the least.
a half research video. no one ever said the wind turbines are built by SFM itself. on the contrary, it has been said often enough which company is the manufacturer. likewise, the FBI conducted an investigation and the case was closed. everything was clean. Thomas bought SFM back then so that we could get the reflection, that was done in the course of the movement of the LP, nothing has disappeared. the $102 million is also wrong, such a high number is not missing due to a 100% fee for v1. Coffeezilla has already made that clear. Of course he didn't mention that SFM wants to compensate the people who are affected by the 100% fees. no man says that in the past no mistakes have been made. however, this has not been researched 100%. SFM has a HQ in Utah, John has established a network in Utah. we got the wallet even if it's a copy for you, the wallet gets regular updates. and it's super easy to use. sfm swap has been online for a long time. the SFM card is coming soon. the Exchange is planned for this year. I know that the sub here doesn't care much. SFM is no longer the token it was last year. Mandala will implement Glotoks as the first exchange worldwide. Even though I get downvotes, I wanted to clarify a few things. I think that SFM was initially planned as a pump and dump, but now and I mean this year, the SFM company is in the process of implementing everything they promised. SFM is here to stay.
a half research video. no one ever said the wind turbines are built by SFM itself. on the contrary, it has been said often enough which company is the manufacturer. likewise, the FBI conducted an investigation and the case was closed. everything was clean. At that time Thomas bought SFM so that we could get the reflection, that was done in the course of the movement of the LP. the $102 million is also wrong, such a high number is not missing due to a 100% fee for v1. no man says that in the past no mistakes have been made. however, here is an old FUD I'm video and the new stuff is not 100% researched. I know the sub here doesn't really care, but a few things should be corrected.
... until you realize the topic is about SFM, not MM. >Biased and poor... Where's my coffee? Hmm, sure. Let me send you a box. I happen to live in a Coffee Belt region. Just in case you ever drink anything other than overpriced Starbucks latte because you seem to mistake cheap with bad.
Right back at you. I wasn't asking about MM. You insist to answer about MM. I was asking *what if* the situation changed to SFM. Good for you to 10x your investment, I am truly happy for you. Because no amount of cash can fix your eyeballs and your reading comprehension.