from Hacker News

0.1 ETH to $30M in 46 days

by undefined1 on 4/22/21, 12:16 AM with 12 comments

• by sebmellen on 4/22/21, 12:43 AM

  Ah yes, the SAFEMOON literal Ponzi scheme. Beautiful.

  Number go up, number go down. But damn, look at that chart https://coinmarketcap.com/currencies/safemoon/. It’s one of the cleanest looking pump-and-dumps I’ve ever seen.

  This is not something to celebrate or condone. A lot of people who don’t know better are losing their savings trying to play along with the hype.

  See https://stockhead.com.au/cryptocurrency/this-is-a-scam-crypt... or https://www.benzinga.com/markets/cryptocurrency/21/04/207213... for more.

• by ctur on 4/22/21, 12:37 AM

  This is inscrutable to anyone not familiar with whatever that site is and the underlying systems and terminology.

  Someone should write a blog post or something to explain it, then link that here so we can all be in awe, or outrage, together.

• by ayoubElk on 4/22/21, 12:33 AM

  Can someone explain how it was done?

• by reidjs on 4/22/21, 12:42 AM

  I’m confused. At what point did they convert it from crypto to USD?

• by quyleanh on 4/22/21, 12:32 AM

  Such a clever movement. That is beautiful of blockchain.

• by foogazi on 4/22/21, 2:15 AM

  ELI5: what happened here?