DeFi protocol SafeMoon officially files for bankruptcy
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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