The DeFi protocol SafeMoon is still operational despite facing securities violations from the United States Securities and Exchange Commission (SEC). SafeMoon has acknowledged the seriousness of the situation and is actively seeking a resolution. The protocol remains committed to its mission and vision, prioritizing user satisfaction. However, the SEC's charges against SafeMoon's executives for fraud and offering unregistered securities have significant merit and could negatively impact the platform. The Department of Justice has also arrested two of SafeMoon's executives for their involvement in the fraudulent scheme. SafeMoon has faced previous controversies, including a hack that resulted in the loss of billions of dollars' worth of tokens.
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