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SafeMoon, which operates on the Binance Smart Chain blockchain, launched on March 8, 2021, but it took off like a rocket on Twitter and TikTok in mid-April, sparking interest among many crypto investors. On April 20, Binance even had to temporarily suspend withdrawals from its platform due to the sudden influx of SafeMoon investors. © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. The SEC’s complaint, filed in the U.S. District Court for the Eastern District of New York, charges Defendants with violating the registration and anti-fraud provisions of the Securities Act of 1933 and the anti-fraud provisions of the Securities Exchange Act of 1934. Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital. |