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Safemoon LP exploit

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Safemoon, a decentralized finance (DeFi) token, has become the latest victim of a high-profile hack, with an unknown attacker managing to exploit its liquidity pool (LP) and drain $8.9 million worth of SFM tokens. The attack has raised concerns about the security of DeFi tokens and highlighted the need for stronger measures to protect investors’ funds. Gate.io pauses trading of SafeMoon following exploit. DeFi Token’s Liquidity Pool Drained by Unknown Attacker, Highlighting Need for Stronger…