Published
November 18, 2022
Updated
June 7, 2026
SafeMoon investors who bought tokens during the 2021–2022 class period have a proposed securities class action — here is what it alleges and why there is nothing to claim yet.
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.
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.
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
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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Status
Investigation Ongoing
Subject
SafeMoon tokens and executives
Class Period
March 8, 2021 – March 7, 2022
Legal Basis
Private Securities Litigation Reform Act of 1995
Official Source
SEC Litigation Releases
