Well, John Baloney is at it again. It looks like he has duped investors by leading them to believe that owning Safemoon tokens gave them a stake in the Safemoon company. But what do we know about this company? Not much, unfortunately.
It appears that Baloney and his team take the funds generated through Safemoon activities and put it into the Safemoon company. This company is supposed to generate value for investors, but so far there’s been no evidence of that.
This news follows the liquidation of the Safemoon company in Lithuania. It’s still unclear what this means for the company and its investors. Unfortunately, it looks like many investors have already lost money.
One investor commented, “I always leave out usernames. They’ve suffered enough.” Another said, “At least investors are seeing the light, though it’s far too late.”
It’s not surprising that some investors are still hopeful and saying ‘buy the dip.’ But as always, it’s important to be careful when investing and to understand what you’re getting into. In this case, it seems like many people have been taken advantage of.