The Safereum rug pull was a cryptocurrency scam that occurred on October 2023, wherein the developers stole millions of dollars worth of investors' money by manipulating the value of their token. The scam began with a marketing campaign that promised high returns on investment and created fake social media accounts and impersonated financial advisors to deceive investors. Once they had attracted a sufficient number of investors, the developers dumped their Safereum tokens on the market, causing the price to plummet. The developers then disappeared, leaving investors with worthless tokens.