Key Takeaways:



Twitter User  tanjero.eth  has identified $SAFUU as a scam token in his  Twitter  Thread.



Below is a quick overview of the Safuu Protocol.



Safuu Protocol describes itself as Sustainable Asset Fund for Universal Users. It provides a decentralized financial asset that rewards users with a sustainable fixed compound interest model through the use of its unique SAP protocol.



According to  tanjero.eth , Safuu Protocol’s owner can swap all SAFUU tokens for BNB and withdraw it from the contract to the treasury address at any time. In addition, the owner can update the liquidity receiver address, treasury receiver address, and SAFUU insurance fund receiver address. So basically, he can get all the funds out of the treasury or liquidity or insurance fund anytime.







The  Fire Pit Address  of SAFUU holds ~15.3% of the total tokens but is an EOA, i.e., Externally Owned Account, rather than an actual burn address; instead, burn tokens should be sent to the  0x…0000  or  0x000..DEAD  ,i.e., a standard burn address.











Meanwhile, CertiK has  delisted  the SAFUU Protocol project due to high-risk indicators concerning the SAFUU owner/team affiliation with previous high-risk projects.







Certik Team, during the KYC and the initial auditing process, has found that there are high centralization risks in SAFUU contracts. The  autoLiquidityReceiver  is an Externally Owned Account with address  0x5562640B953b6c2f79a655E930aFa68b2a65C627 . It can remove $2.53M worth of tokens at any time.











Also, the Founder of Safuu Protocol, i.e.,  Bryan Legend , was previously associated with high-risk projects Clever DeFi & Tagz Exchange. Therefore, we would like to alert our readers.