What does the SafeMoon investigation allege?

The investigation alleges that SafeMoon executives, working with celebrity promoters, made false or misleading statements about SafeMoon through social media and other promotions, and disguised their control over a significant portion of the SafeMoon tokens available for public trading. These are unproven allegations.

Who could qualify for the SafeMoon class action?

The Private Securities Litigation Reform Act of 1995 generally permits investors who purchased SafeMoon tokens during the proposed class period — reported as March 8, 2021 through March 7, 2022 — to seek appointment as lead plaintiff. An investor's ability to share in any potential future recovery does not depend on serving as lead plaintiff.

What is a lead plaintiff?

A lead plaintiff is generally the class member with the greatest financial interest in the relief sought who is also typical and adequate of the class. The lead plaintiff directs the litigation on behalf of all class members and can select counsel. Serving as lead plaintiff is not required to share in any future recovery.

SafeMoon Crypto Class Action Investigation

By Steve Levine

Updated: June 7, 2026

▼ Allegations Only · No Settlement Yet

This article describes a class action investigation. The statements below are unproven allegations. SafeMoon and its executives have not been found liable, there is no certified class, and nothing to claim at this time. This page is informational and is not legal advice.

Status Investigation Ongoing Proposed class period: March 8, 2021 – March 7, 2022

Allegation Misleading marketing of SafeMoon tokens Alleged false or misleading promotion and undisclosed control of the token "Float"

Can I Claim? No — nothing to claim yet No approved settlement, fund, or claim form at this stage

What's This About?

The SafeMoon class action investigation arises from an alleged scheme among various individuals in the cryptocurrency sector to misleadingly promote and sell the digital asset associated with SafeMoon tokens to unsuspecting investors. Specifically, the investigation alleges that SafeMoon's executives, collaborating with several celebrity promoters:

• Made false or misleading statements to investors about SafeMoon through social media advertisements and other promotional activities; and
• Disguised their control over SafeMoon and a significant percentage of the SafeMoon tokens available for public trading during the class period (the "Float").

In furtherance of this alleged scheme, defendants reportedly touted the technological innovation of SafeMoon's token and related cryptocurrency wallet, along with the ability for investors to make significant returns due to the favorable "tokenomics" of the SafeMoon tokens. In truth, the investigation alleges, defendants marketed the SafeMoon tokens so that they could sell their own portion of the Float for a profit. These are unproven allegations.

How Do I Qualify?

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased SafeMoon tokens between March 8, 2021 and March 7, 2022 to seek appointment as lead plaintiff in the SafeMoon class action. A lead plaintiff is generally the class member with the greatest financial interest in the relief sought who is also typical and adequate of the putative class. The lead plaintiff acts on behalf of all other class members in directing the litigation and can select counsel of its choice. Importantly, an investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Is There a SafeMoon Settlement Yet?

No. This is an investigation and proposed class action stage matter — not an approved settlement. That means there is no settlement fund, no claim form, no payout, and no deadline to act at this stage. SafeMoon and its executives have not been found liable simply because litigation and regulatory actions exist. If the matter is ever resolved through a settlement or a class is certified, a formal claims process with its own eligibility rules and deadlines would be announced separately.

Frequently Asked Questions

What does the investigation allege?

That SafeMoon executives, working with celebrity promoters, made false or misleading statements about SafeMoon and disguised their control over a significant portion of the publicly tradable tokens. The allegations are unproven.

Who could qualify?

Generally, investors who purchased SafeMoon tokens between March 8, 2021 and March 7, 2022. Serving as lead plaintiff is not required to share in any future recovery.

Is there anything to claim right now?

No. There is no approved settlement, no fund, and no claim form at this stage.

Sources

• U.S. Securities and Exchange Commission — enforcement materials regarding SafeMoon: SEC.gov
• Wikipedia — Private Securities Litigation Reform Act (background): en.wikipedia.org

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