SAFEREUM INCIDENT : Successful Presale and Token Vesting -> Introduction of Safepad -> Raising Additional Funds -> Team Sells Tokens -> No Contract Exploit -> KYC and Transparency -> Funds Distributed Across Wallets -> Official X(Previously Twitter) Account Deleted -> Dramatic Token Price Drop (simple Rug)

SAFEREUM INCIDENT :
Safereum project launched a presale, raising 300 ETH.⮇Team tokens were vested for 14 days, preventing immediate sales.⮇The project introduced Safepad, a new project in the same ecosystem.⮇The team coordinated the Safereum token unlock with Safepad's launch.⮇The team raised a significant sum of 700 ETH during this event.⮇Liquidity was added, and both Safereum and Safepad tokens were available.⮇The team executed an exit scam by selling their team tokens.⮇This move dramatically reduced the token's price, causing a significant drop.⮇Importantly, the scam didn't involve a contract exploit, making it challenging to predict via a standard audit.⮇A KYC (Know Your Customer) process for projects is critical as it provides information about team members and aids authorities in tracking them.⮇The scammers distributed the stolen funds across multiple wallets to evade detection.⮇This action complicates tracking and recovery efforts.⮇The official Safereum account on social media (formerly Twitter) has been deleted, raising more concerns within the community.⮇SAFEREUM's price : $0.000014 -> $0.0000008 (down by 94.1%)
#safereum was Promoted too much by some Influencers like "ProTheDoge". Be Aware.

#etf Shiba Inu's Shibarium Receives New Feature, Transactions Spike#Shibarium daily transactions jump as market ralliesIn a tweet, #Shiba Inu team member Lucie spoke of a new feature that has just arrived on Shibarium Scan, the Shibarium #blockchain explorer.With the new feature, users can connect to Shibarium Scan through email, allowing them to view updates, progress and numbers on Shibarium on the go.Now you can connect to Shibariumscan with mail. Shibarium—𝐋𝐔𝐂𝐈𝐄 Shiba October 25, 2023According to Shiba Inu community member Mazrael, the feature is completely optional and useful for setting up watchlists. Per Lucie, users do not need to connect their wallets, and hence, their crypto assets remain safe.Over the weekend, ShibArmy scam alerts, an X account dedicated to exposing scams and protecting the Shiba Inu community, issued an alert about fake websites, NFT airdrops and phishing scams on the rise.In this context, Shiba Inu holders are urged to exercise restraint by not connecting their crypto wallets to any website before doing their due diligence.Shibarium relaunched in late August and has made progress and seen new integrations. GroveX, an Australian #crypto exchange, recently expressed its delight about integrating Shibarium.Per Shibariumscan, Shibarium has reached 3,578,008 in total transactions and 1,255,683 in wallet addresses. The total number of blocks on the Shibarium mainnet has reached 1,306,051, a remarkable milestone for the protocol, with an average block time of 5.0 seconds.Shibarium daily transactions increased to 15,480 on Oct. 23, after days of being around 10,000.According to Lucie, fresh innovations are set to launch on Shibarium. According to her, the development of a play-to-earn P2E game is underway, wherein players will have the opportunity to earn Treat not yet launched by playing Shiba Eternity.$SHIB #safereum

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In a shocking turn of events, Safereum, once touted as a promising blockchain project, is now facing serious accusations of conducting a massive rug pull, allegedly resulting in a staggering loss of $1.3 million. This revelation has sent shockwaves through the crypto community, especially as the broader market experiences significant gains with Bitcoin soaring past the $34,000 mark. However, Safereum's token (SAFEREUM) has plummeted to near-zero, leaving investors in a state of disbelief.Blockchain analysis firms have been quick to point fingers at Safereum's developers, claiming that they orchestrated this elaborate scheme. According to CertiK, a renowned blockchain security company, Safereum unlocked their SAFEREUM tokens and swiftly exchanged them for Ethereum (ETH). To make matters worse, the acquired ETH was then distributed to various wallets in batches of 45 ETH each, leaving a trail of suspicious transactions.Adding fuel to the fire, several Twitter users have come forward, alleging that Safereum also raised funds for another token called SAFEPAD. One Twitter account, known as X, made a startling revelation, stating, "Safereum/Safepad just hit the most insane rug I've ever seen. After finalizing their 700 ETH Safepad presale, they've dumped over 600 ETH of Safereum and Safepad for one final exit." This revelation has left community members dumbfounded, as they reflect on the irony of Safereum's name, which includes the word "safe." One Twitter user aptly remarked, "Not so safe after all."To make matters worse, Safereum has taken the drastic step of deleting its Twitter account, further eroding any remaining trust in the project. The sudden disappearance of their social media presence has left investors and community members questioning the true intentions of Safereum's team.The implications of this alleged rug pull are far-reaching, not only for those who invested in Safereum but also for the broader crypto market. It serves as a stark reminder that even seemingly promising projects can turn out to be nothing more than elaborate scams. As the crypto community grapples with the aftermath of this shocking revelation, it is crucial for investors to exercise caution and conduct thorough due diligence before placing their trust and hard-earned money in any project.The downfall of Safereum serves as a cautionary tale, highlighting the importance of transparency, accountability, and thorough scrutiny within the crypto space. Only by learning from such incidents.NOTE: Always diversify your investments, Never put all your eggs in one basket as the saying always goes. Most importantly DYOR, don’t just put your money in a project because an influencer is Shilling it.#safereum