Dogecoin Creator Criticizes DeFi Project Safemoon After Liquidity Pool Is Compromised

DeFi Project safemoon, said on Tuesday that its Liquidity Pool, or LP, had been compromised.

What happened: Safemoon CEO John Karoni took to Twitter and said that the platform took prompt action to resolve the issue quickly. “I want to clarify that our DEX is secure. This ultimately affected the SFM:BNB LP pool.”

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Karoni said the SafeMoon team met with key advisors to agree on a plan that would protect token holders and the community. “We have detected the suspected exploit, patched the vulnerability and are engaging an on-chain forensics consultant to determine the exact nature and extent of the exploit,” he tweeted.

The tie-up comes at a time when Safemoon recently launched its security productorbital gradient.

dog coin doge/usd co founder billy marcusalso known as shibetoshi nakamoto, took to Twitter to react to the news. He said, “Dogecoin has been around for 9 years and does not have an LP [liquidity pool] Because this is not a stupid piece of sh*t token designed to take money from m**ons.

Price Action: At the time of writing, SafeMoon’s native token SFM sfm/usd was trading at $0.00019, down 17% in the last 24 hours. According to Benzinga Pro data.

Read further: Bitcoin, Ethereum, Dogecoin Rise Amid CFTC Binance Lawsuit: Analyst Says Apex Crypto Is A Gift Under $30K

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