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DeFi protocol SafeMoon officially files for bankruptcy

DeFi protocol SafeMoon officially files for bankruptcy

CointimeCointime2023/12/15 00:41
By:Cointime

On December 15th, DeFi protocol SafeMoon officially filed for bankruptcy under Chapter 7 of the US Bankruptcy Code.

As previously reported by BlockBeats, the US SEC accused BNB Chain's DeFi protocol SafeMoon LLC and its founder Kyle Nagy, SafeMoon US LLC, CEO John Karony, and CTO Thomas Smith of conducting a large-scale fraudulent scheme through the unregistered cryptocurrency security SafeMoon.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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