SafeMoon Cryptocurrency “Pump and Dump” Complaint

February 17, 2022

The prospects for individuals cryptocurrencies are difficult for individuals to evaluate before they buy. The defendants in this class action brings are SafeMoon, LLC, related other SafeMoon companies, and two groups of individuals (the Executive Defendants and the Promoter Defendants), all connected to the SafeMoon token. The complaint alleges that these defendants used “misleading promotions and celebrity endorsements … to increase the interest in and price of” the SafeMoon cryptocurrency in order to get investors to buy it at inflated prices.

Case Event File: SafeMoon Cryptocurrency “Pump and Dump” Complaint

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