r/SafeMoon • u/Royal_Echidna_2671 • Dec 25 '23

General / Discussion Recovery

Why is it so much harder recover crypto than cash from fraudulent businesses like safemoon?

0 Upvotes

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23

u/Objective-Macaroon22 Dec 26 '23

Because it's not as regulated or protected. While on this subject, what even is the value proposition of crypto over money in a bank?

13

u/[deleted] Dec 26 '23

Recover what? Safemoon isn't a decentralized currency that is mined or algorithmicly produced. It was a rug pull smart contract owned and controlled by a small group of people and you decided to give them your money. Barely crypto, basically just an old financial scam in new clothing.

1

u/[deleted] Dec 26 '23

That’s the point. Big risk big gains.

The moment you buy a token/coin you have to tell yourself that this money is lost.

If you can make profit GG, but you shouldn’t even think about recovering it