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With any prospect of a SafeMoon comeback all but dead, the bankruptcy highlights widespread resentment toward the company’s CEO. SafeMoon founder John According to the SEC’s complaint, the Defendants promised to take the price of the token “Safely to the moon,” but instead of delivering profits, they wiped out billions in The SafeMoon (SFM) token fell from $0. on Dec. 14 at 8:24 pm UTC to $0. in a five-hour period after the news, according to CoinGecko. However, it It finally happened - SafeMoon is officially filing for bankruptcy. The filings hit this week and the token lost over 50% of its value within hours. This comes just after the project's top exec got slammed with securities fraud charges. The authorities called it a massive fraudulent scheme. What Happened to SafeMoon? Things took a turn for the worse. By late 2025, a few problems started popping up for SafeMoon: Leadership Shakeups: Key team Chapter 7 bankruptcies result in a debtor’s assets being liquidated to repay creditors. Unlike the Chapter 11 bankruptcies other crypto companies have filed under, there’s

Top 3 Things That Happened to SafeMoon This Week: Bankruptcy, Fraud Charges, and a Price Crash

This week has been a tumultuous one for SafeMoon (SFM). With any prospect of a SafeMoon comeback all but dead, the situation continues to deteriorate. Here\'s a breakdown of the top 3 events that rocked the cryptocurrency community:

1. SafeMoon Officially Files for Bankruptcy

It finally happened - SafeMoon is officially filing for bankruptcy. The filings hit this week, sending shockwaves through the crypto market. This signifies a near complete failure for the project, and unlike the Chapter 11 bankruptcies other crypto companies have filed under, there’s a Chapter 7 bankruptcy. Chapter 7 bankruptcies result in a debtor’s assets being liquidated to repay creditors. This casts a long shadow on any potential recovery.

2. Securities Fraud Charges Rock Top Exec

Adding fuel to the fire, SafeMoon\'s top executive was hit with serious securities fraud charges. The authorities allege a "massive fraudulent scheme," further eroding trust in the project. SafeMoon founder John According to the SEC’s complaint, the Defendants promised to take the price of the token “Safely to the moon,” but instead of delivering profits, they wiped out billions in investor funds. This legal battle will likely have significant ramifications for the remaining assets and any possibility of future endeavors.

3. Massive Price Crash Following the News

Unsurprisingly, the combined news of bankruptcy and fraud charges triggered a dramatic price crash for the SafeMoon token. The SafeMoon (SFM) token fell from $0. on Dec. 14 at 8:24 pm UTC to $0. in a five-hour period after the news, according to CoinGecko. However, it is important to do your research and understand the risks involved, as the token lost over 50% of its value within hours of the announcement. This sharp decline highlights the severe consequences of these events and the lack of confidence investors now have in the project. What Happened to SafeMoon? In short, Things took a turn for the worse. By late 2025, a few problems started popping up for SafeMoon: Leadership Shakeups: Key team members departed, and major red flags appeared in the project’s management.

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