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
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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.
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