More than $11 million worth of digital assets were removed as liquidity from various pools of the controversial crypto project SafeMoon, according to blockchain security firm Cyvers Alert.
Following the news, SafeMoon’s SFM token fell 6% to $0.00003134 as of press time, according to CryptoSlate’s data.
Liquidity removed
In a Feb. 12 post on social media platform X (formerly Twitter), Cyvers Alert stated that it detected an unusual transaction linked to Safemoon. The transaction involved the movement of liquidity from various pools, facilitated by a newly established address labeled as an “approveLiquidityPartner.”
This address executed approximately $11.2 million in transfers, encompassing assets from several blockchain networks, including Ethereum, Binance Smart Chain, and Polygon. Notable assets involved in these transfers include USDC, USDT, Shiba Inu, LINK, Wrapped BTC, and Pepe, as evidenced by on-chain data.
The address holds $1.6 million in digital assets, including Wrap
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