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SafeMoon Stays In Controversy: Former CTO Puts His Side Forward About Fraud Allegations

  • CoffeeZilla has further takes a dig against the crypto project SafeMoon exposing all that he found is suspicious.

  • This time, the former CTO approached the Youtuber following his allegations of the theft of user funds from the locked staking pool.

  • It is to look forward to when exactly the fog will clear regarding the suspicious activity of the project.

Stephen Findeisen, the popular Youtuber by the name Coffeezilla, has constantly been trying to hit the nail in the coffin for SafeMoon. The Youtuber has specifically been involved with exposing fraudsters and troublemakers for quite some time now.

Coffezilla has been exposing SafeMoon in a series of videos that accuse the project of fraudulent practices. This is majorly related to the theft of user funds from the locked staking pool. 

Former CTO Claims No Knowledge Regarding the Theft of User liquidity

And here comes a reaction to the allegations from the former Chief Technology Officer (CTO) Thomas Papa Smith. Allegations citing about the core team carrying out the fraudulent activities at SafeMoon induced the former CTO to approach Findeisen to put forward his side of the story and for the right to reply. 

The Youtuber highlighted that he respected his move as it takes guts to take on tough questions. Thomas signified his thoughts regarding the allegations of team members dipping into the locked liquidity pool; he thinks that, at first, they were trying to do the auto-locking. And when the organization started, John, who was appointed as the CEO in March 2021, he leveraged to have it unlocked. So there was a lot of shifting initially. 

But Findeisen argued that the funds were taken out from the LLP before John’s appointment, even sending him the evidence. But Smith said that he is bound to ask such questions, but he has no answers as such. 

Findeisen further asked the former CTO how much he had profited from the project, to which Smith claimed that his work got him around $2 Million. 

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But the Findeisen went deeper with the secret wallets, emphasizing that most of the payments came from the anonymous SafeMoon founder Kyle and he doubted where the founder got the tokens to pay him. 

Smith replied by highlighting the lack of knowledge about Kyle’s actions, citing that his role was of an employee. 

Only recently, the popular crypto asset SafeMoon witnessed dark clouds when Stephen Findeisen made pump and dump allegations against its former chief marketing officer.  

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Ritika Sharma
Ritika Sharma
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.