- Nov 7
- 8 min read

SafeMoon Lowdown (November 7th, 2022)

Updated: Nov 8

Security Notice

Community Manager Veno made an announcement on Discord:

"A heads up to everyone, the server has seen a dramatic increase in scam-bots that have flooded the networks tonight. We are working to take care of it and remove them as we always do, but due to the sheer number this round, many will likely get plenty of scam DMs out before being banned or suspended from the discord network.

This warning is to everyone to be cautious on what DMs you receive and what links you click! Just because it looks official, doesn't mean it is.

Official News will always come out via our Twitter accounts first followed by announcement areas like this one. Security is a top concern and we will be working to implement additional safeguards in the coming weeks to help combat the surge in scam-bot activity we are seeing.

When in doubt, please ask. If you ever need help, you can type >support into any of our chat channels. If you ever receive an unsolicited DM that looks suspicious, please share a screenshot of it in 🛑│report so we can act quickly! Stay safe out there @everyone!"

Danny shared Veno's announcement on Twitter adding,

"#safemoon just posted a security notice on discord but this message also counts for Twitter. Never trust anyone that ask you to DM or if someone DM you and ask you for your seed phrase, also never fill this in on a Google form. This is always a scam. ⚠️🚨 When in doubt ask!"

SafeMoon Lead Shout-Out

SafeMoon Moon Partner XStudio gave a quick shout-out to SafeMoon Chief of Staff Joshua Chilcutt and SafeMoon CEO John Karony.

"Quick shoutout to the crew Josh and John from Safemoon lots of Love - Don at BBFT love you mate to Gabe and Zach legends and love to you both and to ASH well PURE LOVE to you - Let there be ROCK - RonX111"

- The XStudio

Swap & Evolve

Swap and Evolve has purchased 55.2 million SafeMoon ($23,338).

Thank you to SafeMoon Warrior for sharing!

Ranking

According to BSC Daily, SafeMoon has one of the highest social engagements of projects on Binance Smart Chain!

Community Content

"#Safemoon is in us #SAFEMOONARMY on the ascent"

SafeMoon Engine

Vitalik asked, "Would you feel comfortable making a tweet saying '

LA LA LA LA LA I AM A CAT 😺😺' with no context right this moment?"

SafeMoon Education Manager Cats replied, "Your wish is my command 🧙‍♂️" 😂😂

Food for Thought

When God blesses you financially... Don't raise your Standard of Living. Raise your standard of giving. I can't wait to help people, I don't need much, so when I can self sustain believe me I'm going to help so people in need

- safemoonSTRAYA

Make someone smile everyday but never forget that you are someone too.

- Pulse

Have a wonderful day! ✨Positive thoughts create positive things. ¡Que tengas un día maravilloso! Los pensamientos positivos crean cosas positivas🤗

- Chela

There are two primary choices in life: to accept conditions as they exist, or accept the responsibility for changing them.

- The Burly Monk

Blockchain-Web 3 Innovations

What is Humanode Human-Powered Blockchain? "By using human biometrics as the stake, the founders of Humanode saw the possibility of creating a truly decentralized network of equals."

Learn about the following points in this Cointelegraph educational article:

1. What is Humanode?

2. What problems does Humanode solve?

3. How does Humanode work?

4. What is crypto-biometrics and how does it work?

5. Humanode features

6. The future of blockchain and biometrics merge

Blockchain News

In the interest of transparency, CZ announces that Binance will be liquidating their remaining FTT tokens due to recent findings.

CZ pictured with Sam Bankman Founder and CEO of FTX

In a Tweet yesterday, CZ reveals Binance's decision to liquidate their remaining FTT over the next month in addition to their already $2.1 billion worth of equity exit last year. Their reasoning for a total exit he says is due to "recent revelations".

"As part of Binance’s exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash (BUSD and FTT). Due to recent revelations that have came to light, we have decided to liquidate any remaining FTT on our books.

We will try to do so in a way that minimizes market impact. Due to market conditions and limited liquidity, we expect this will take a few months to complete. Binance always encourages collaboration between industry players. Regarding any speculation as to whether this is a move against a competitor, it is not. Our industry is in it’s nascency and every time a project publicly fails it hurts every user and every platform. We typically hold tokens for the long term. And we have held on to this token for this long. We stay transparent with our actions." - CZ

The recent findings are below however Alameda's CEO claims that the firm's financial condition is stronger than what was reflected by the balance sheet. They have offered to buy Binance's FTT token holdings for $22 each.

Is Sam Bankman-Fried’s crypto trading firm Alameda Research broke?

Currently, tokens on Alameda’s balance sheet that have a market on FTX are valued 50% less than the current price on FTX. Against these assets, and others that were not revealed in the CoinDesk report, Alameda has approximately $8 billion in liabilities, dominated by $7.4 billion in loans. [Source: Protos]

FTX and Tether were closer to Celsius than anyone realized

Mike Burgersburg said he did some significant digging into public records, media reports, and blockchain data.

Burgersburg’s investigation turned up some interesting tidbits:

Celsius allegedly used FTX as a trading platform to support its own CEL token by buying more than 40 million CEL in 2021. Celsius’ purchases of CEL coincided with a $750 million fundraising round at a $3 billion valuation led by WestCap and CDPQ.
After freezing withdrawals, Celsius allegedly used FTX’s exchange to liquidate millions of dollars in customers’ assets. It used the funds to pay back DeFi loans and also got a $104 million loan from FTX discharged.
Celsius sent hundreds of millions of dollars worth of stablecoins through FTX to distribute the proceeds to institutional borrowers. The loans included a significant disbursement to failed crypto hedge fund Three Arrows Capital (3AC).
Alameda Research made enough unsecured loans to Celsius Network to become one of its biggest creditors. Alameda Research also manages the “Pharos Fund,” which became Celsius’ biggest creditor.
Celsius Network and Sam Bankman-Fried have close ties to Tether. [Source: Protos]

Google Cloud Is Running a Solana Validator, Blockchain Node Engine to Support SOL Chain Next Year

Google's cloud division is working with Solana to bring its Blockchain Node Engine to the Solana chain. The company is operating a block-producing Solana validator to participate in and validate the network. Google Cloud will be indexing the Solana blockchain and bringing the data to Big Query next year. Some people have criticized Google's mission to host Solana nodes in the cloud as it will result in more centralization. [Source: Bitcoin.com]

OCC makes its staff available for fintech-related discussions

The United States Office of the Comptroller of the Currency, or OCC, has announced its representatives will be available on a one-to-one basis to discuss financial technology.

In a Nov. 3 announcement, the OCC said entities considering fintech products and services, partnerships with banks, or concerns “related to responsible innovation in financial services” have the opportunity for one-hour meetings with its staff between Dec. 14-15. The government office said it will screen requests and proposed topics of discussion and announce virtual meeting times.

The OCC announcement followed the department saying it planned to establish an Office of Financial Technology starting in 2023 in an effort to gain a “deep understanding of financial technology and the financial technology landscape.” The request form for the OCC office hours offered the opportunity for a “candid discussion,” suggesting that a transcript or other details will likely not be available to the public. [Source: Cointelegraph]

Twitter News

Elon Musk announced some more changes to Twitter.

"Going forward, any Twitter handles engaging in impersonation without clearly specifying “parody” will be permanently suspended

Previously, we issued a warning before suspension, but now that we are rolling out widespread verification, there will be no warning. This will be clearly identified as a condition for signing up to Twitter Blue. Any name change at all will cause temporary loss of verified checkmark."

SafeMoon Stats

Have you voted today?

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SafeMoon Partners

DxSale

"It’s very likely that #crypto gaming & #NFTs will be massive in the future 📈 what projects do you think have the best chance at succeeding 🤔👇"

- DxSale

Cryft

"We are going to briefly close down the website at cryftcards.com. Cryft LLC needs to give up the impression we are simply a project with a dream. And begin portraying ourselves as the High Quality and Innovative company we are. You will begin to see Cryft LLC operate a little different. It is about time we evolve! cryft.app will continue to be available for public testing."

- Cryft Creator

MProtocol & BBTF

"The #MProtocol team and Blockbusters Tech would like to do something for Thanksgiving! 30 random people will get a turkey or $30 BSC equivalent by commenting what you are grateful for. We will pick the winners via Twitter Picker on 11/12/22. #BBTF #Thanksgiving #Familyfirst"

- MProtocol

Grove Token

"GroveToken will be launching on the Fantom network 20th November! Presale applications are now being invited, closing date is 19th November 8pm EST! Check out the link for more details. PRESALE LINK"

- Grove

Shibnobi

"DELIGHTED to announce that the #Shibnobi V2 Migration site is now live!!! 💥 Visit shinjav2.shibnobi.com > Connect your wallet and Migrate from Shinja V1 to V2. 🙌🏻"

- Shibnobi

Are you interested in becoming a Token Partner?

To apply, simply visit SafeMoon.com/apply.

Partner Information:

For more information on all our partners, visit SafeMoon's Partner Portal.

Reminders

Security Questions (Best Practice)

🎓You might have seen that SafeMoon Orbital Shield requires users to answer 2 security questions.

⚠️We highly encourage reading our Best Practice article to learn about a safer method for answering these security questions!

⬇⬇⬇

🖱️👉Security Questions - Best Practice👈🖱️

Recent MoonCasts

Pawthereum

Intro | Disclaimer | Agenda | Gandalf’s Promotion | New Careers Listings | Community Q&A

MetaMerce Token | MetaMerce Q&A | Outro

SafeMoon Pulse

Want to see all of what happened with SafeMoon in the month of September?

🎬 The SafeMoon Pulse monthly recap video is live!

Here's a link to the corresponding Pulse article.

As always we value your feedback. 🙏

You can post your comments here!

Slippage and Gas Articles

You may have heard of slippage and gas related to the transactions you make when trading your digital assets on the blockchain but do you know what they are, where they come into play during a transaction, or even why they exist?