Former SafeMoon marketing chief caught in $12 million fraud
Ben Phillips encouraged his Twitter followers to buy the project’s token, while he himself was selling it at an inflated price
14.04.2022 - 13:00
225
2 min
0
What’s new? Ex-SafeMoon marketing chief was caught in a fraudulent Pump & Dump scheme that earned him more than $12 million. Phillips encouraged his Twitter followers to buy the SAFEMOON token, while at the same time selling it at an inflated price. This was revealed by the YouTube blogger Coffeezilla in his investigation.
Coffeezilla’s video investigation
What else did the blogger reveal? In his video, he made a detailed chart of Phillips’s sales and compared them to his Twitter posts.
The blogger estimated that the former marketing chief of SafeMoon bought the project’s tokens for $4 million in April 2021, selling them for $16 million.
What is SafeMoon? It is a DeFi protocol for lending, created in 2021. The platform uses the SAFEMOON token, which is created on the Binance Smart Chain blockchain.
Useful material?
Telegram 
Twitter Market
Earlier, the community criticized the project for its lack of transparency, which led to a sharp drop in the HYPE token price
Jan 8, 2025
Market
Rising US Treasury bond yields are negatively affecting risk assets
Jan 8, 2025
Mining
The Avalon Mini 3 is available for pre-order at $899
Jan 8, 2025
Market
The exchange obtained the documents as part of the Freedom of Information Act proceeding
Jan 6, 2025
Market
According to the preliminary plan, the free coin giveaway will take place in January 2025
Dec 27, 2024
Market
The fund’s issuer will be Donald Trump associate Vivek Ramaswamy’s Strive company
Dec 27, 2024
Cryptocurrency rates
-
Bitcoin
$94 806
BTC
+0.03%
-
Ethereum
$3 310.45
ETH
+1.28%
-
Ripple
$2.56
XRP
+9.14%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.346291
DOGE
+3.79%
-
Cardano
$1
ADA
+7.42%
-
Stellar XLM
$0.450014
XLM
+7.61%
-
Polkadot
$6.83
DOT
+1.2%
-
Bitcoin Cash
$443.42
BCH
-0.89%
-
Litecoin
$103.78
LTC
-1.59%