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
574
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 Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Cryptocurrency rates
-
Bitcoin
$65 606
BTC
-1.21%
-
Ethereum
$1 923.61
ETH
-0.52%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.14
XRP
-0.36%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.072363
DOGE
-1.24%
-
Zcash
$514.76
ZEC
-5.41%
-
Cardano
$0.172537
ADA
-1.73%
-
Stellar XLM
$0.188247
XLM
-2.91%
-
Polkadot
$3.32
DOT
+5.27%