Former SafeMoon CTO ‘Papa’ responds to fraud allegations

YouTuber Coffeezilla, AKA Stephen Findeisen, has been exposing SafeMoon successful a series of videos that allege fraudulent practices astatine the organization. Primarily, this relates to the theft of idiosyncratic funds from the “locked staking pool.”

In effect to the allegations, erstwhile SafeMoon CTO Thomas “Papa” Smith approached Findeisen to springiness his broadside of the story.

Former SafeMoon CTO responds to the allegations

Allegations of cardinal unit committing fraud astatine SafeMoon prompted Smith to interaction Findeisen for the close to reply. Findeisen said helium respected the move, arsenic “it takes guts to instrumentality connected hard questions.”

On the allegation of squad members dipping into the “locked liquidity pool,” Smith said the auto-locking relation was successful place. However, pursuing John Korony’s assignment arsenic CEO, connected March 10, 2021, Korony subsequently moved to destruct the locking feature.

“I think, astatine first, we were trying to bash the auto-locking. And erstwhile the enactment started, John leveraged to person it unlocked. So determination was a batch of shifting astatine first.”

Findeisen countered by saying funds were taken from the “locked liquidity pool” earlier Korony’s appointment. He sent Smith grounds of this successful the signifier of a blockchain transaction showing an outflow of 36.7 trillion tokens from the liquidity pool, dated March 5, 2021.

Smith said Findeisen is entitled to inquire those “types” of questions, but helium has nary answers.

The investors are the victims here

Keen to find retired much astir Smith’s remuneration package, Findeisen level retired asked:

“How overmuch wealth did you nett from SafeMoon?”

Smith claims his enactment netted him astir $2 million. Despite reframing the question astatine assorted points successful the interaction, Findeisen indicates Smith held steadfast connected that figure, but determination are suspicions that helium “profited” overmuch much than $2 million.

Digging deeper astir the thought of secret/hidden wallets, Findeisen established that astir of Smith’s payments came from the anonymous SafeMoon founder, “Kyle.” Carrying connected with this enactment of reasoning, Findeisen probed Smith connected wherever Kyle was getting the tokens to wage him.

Publically, SafeMoon claimed that expenses were paid for by acquiring presale tokens held successful the “deployer wallet.”

However, crunching the numbers reveals that lone 5% of Kyle’s tokens came from the presale. According to calculations, Kyle acquired astir 88% of the tokens by dipping into the “locked liquidity pool.”

Smith denied immoderate cognition of Kyle’s actions and said his relation astatine SafeMoon was that of an worker contempt the rubric arsenic helium was moving nether a declaration done a antithetic firm.