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SafeMoon’s newest publish has been panned as a distraction by the group. It learn: “New #SAFEMOON app builds submitted!”
Nonetheless no replace on the hack
On March 28, a wise contract vulnerability was exploited — resulting in $9 million of liquidity being drained from the protocol.
Since then, SafeMoon and firm CEO John Karony have been lively on Twitter. For instance, Karony praised the group’s persistence and help a number of occasions.
“The updates you might be seeing in the present day are actually only the start and I encourage you all to remain tuned to official SafeMoon channels for extra thrilling updates.“
Equally, SafeMoon posted a prolonged “service replace” on April 4 detailing a number of “massive updates,” together with particulars on readjusting to normality following the assault and updates to its “SWaP and Evolve” operate.
Nevertheless, approaching three weeks after the incident, there was no replace on the exact circumstances of the assault or whether or not the funds might be recovered — a lot to the group’s frustration.
Taking to social media, the group expressed their discontent over the shortage of progress made to this point.
SafeMoon group desires solutions
In a Reddit publish, the OP requested what “New #SAFEMOON app builds submitted!” means. Does this relate to a brand new app or adjustments to the native pockets?
Some replies flipped the publish towards the latest exploit, with probably the most upvoted remark inferring that the replace was meaningless and designed to distract from the hack.
“A distraction so we are able to all neglect concerning the exploited $9M.”
Others ridiculed the brand new builds submitted as nothing greater than “new fonts” and “a brand new icon.” One commenter summarized the final sentiment by saying the replace means many issues however in the end will imply nothing.
One other Reddit publish, titled “Do they suppose we’re idiots?” tackled the speaking factors head-on, with the OP saying, “It’s truthfully unbelievable.”
Commentators echoed the OP’s viewpoint, with a standard response being the lack of religion within the undertaking.
Peak-to-trough losses for the reason that hack amounted to 26%. SafeMoon is at the moment buying and selling at roughly the identical worth because the each day opening worth on March 28.
Nonetheless, SFM V2 remains to be down 94% from its $0.00338272 all-time excessive, achieved on Jan 5, 2022.
The publish SafeMoon app replace panned as distraction by group appeared first on CryptoSlate.
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