SafeMoon’s newest submit has been panned as a distraction by the neighborhood. 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 energetic on Twitter. For instance, Karony praised the neighborhood’s persistence and help a number of instances.
“The updates you might be seeing immediately are actually just 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 “large updates,” together with particulars on readjusting to normality following the assault and updates to its “SWaP and Evolve” perform.
Nevertheless, approaching three weeks after the incident, there was no replace on the exact circumstances of the assault or whether or not the funds will be recovered — a lot to the neighborhood’s frustration.
Taking to social media, the neighborhood expressed their discontent over the dearth of progress made thus far.
SafeMoon neighborhood desires solutions
In a Reddit submit, the OP requested what “New #SAFEMOON app builds submitted!” means. Does this relate to a brand new app or modifications to the native pockets?
Some replies flipped the submit 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 will 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 overall sentiment by saying the replace means many issues however finally will imply nothing.
One other Reddit submit, titled “Do they suppose we’re idiots?” tackled the speaking factors head-on, with the OP saying, “It’s actually unbelievable.”
Commentators echoed the OP’s viewpoint, with a typical response being the lack of religion within the challenge.
Peak-to-trough losses because the hack amounted to 26%. SafeMoon is at present buying and selling at roughly the identical value because the day by day opening value on March 28.
Nonetheless, SFM V2 remains to be down 94% from its $0.00338272 all-time excessive, achieved on Jan 5, 2022.
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