Safemoon, a decentralized finance token, saw its liquidity pool drained of nearly $9 million worth of tokens on Wednesday after attackers manipulated a faulty feature on its smart contracts. The attacker stole billions of Safemoon's SFM tokens locked on a liquidity pool. Safemoon's SFM tokens fell over 40% in early Asian hours before slightly recovering. Safemoon developers said their LP had been compromised and they were taking swift action to resolve the issue. Some developers pointed to a faulty burn feature on Safemoon's smart contracts as a key reason for the exploit. (Coindesk)