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US to return $680,000 in stolen cryptocurrency to Safemoon

( June 12, 2025, 22:31 GMT | Official Statement) -- MLex Summary: The US said it has recovered and cleared title to more than $680,000 worth of stolen cryptocurrency using civil asset forfeiture, and it is in the process of returning those funds to SafeMoon LLC, a cryptocurrency and blockchain company. According to prosecutors, an unidentified person sought to exploit a vulnerability in SafeMoon by initiating a transaction that would burn a large number of SafeMoon tokens simultaneously, resulting in an artificial price spike, and the exploiter could then sell tokens back to the liquidity pool at an artificially inflated price.Statement follows below:...

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