Safemoon Token Plummets 31% After Company Files for Bankruptcy Amid Fraud Charges
• Safemoon token falls 31% after company files for Chapter 7 bankruptcy
• Filing comes month after SEC charged Safemoon, founder, CEO, CTO with securities fraud
• Token fell from $0.000065 to $0.000045 in 5 hours before rebounding slightly
• Down 98% from all-time high price of $0.0033 in January 2022
• Redditors express anger, allege they were "rug pulled" and scammed by Safemoon developers