SafeMoon US is in Chapter 7 liquidation, with the trustee pursuing cryptocurrency recoveries and administering estate assets. A November 3, 2026 hearing is scheduled on professional fee applications, including an accountant’s request challenged by the U.S. Trustee in a fee objection Dkt. 421.

SafeMoon US is in Chapter 7 liquidation under trustee Ellen E. Ostrow following its December 14, 2023 petition Dkt. 1. The estate’s path centers on liquidating cryptocurrency and pursuing recoveries: the court’s June 27, 2025 sale order Dkt. 281 authorized open-market sales of cryptocurrency assets unlocked on May 1, 2025, at prevailing market prices. Trustee’s counsel reported that the estate held $19,620,995.70 in cash as of June 30, 2026, plus cryptocurrency assets to be liquidated, in its October 2026 fee application Dkt. 411.

In December 2025, the trustee filed an adversary complaint Dkt. 1 alleging that former executives and others diverted assets from the SafeMoon token liquidity pool and seeking recoveries for the estate. A separate BitMart complaint Dkt. 1 seeks turnover of tokens or their cash equivalent of at least $1.474 million; BitMart had asserted setoff and recoupment defenses, according to the complaint. These are claims for recovery, not established proceeds.

The next identified administration milestone is a November 3, 2026 hearing on four interim professional fee applications under the hearing notice Dkt. 415. The U.S. Trustee objected Dkt. 421 to HEB Advisors’ request, including over its billing rate, the timing of services and differences between the application and notice. A separate hearing on special counsel’s fee request is set for November 18, 2026, under the hearing notice Dkt. 419.

SafeMoon US is in Chapter 7 liquidation, with the trustee pursuing cryptocurrency recoveries and administering estate assets. A November 3, 2026 hearing is scheduled on professional fee applications, including an accountant’s request challenged by the U.S. Trustee in a fee objection Dkt. 421.

SafeMoon US is in Chapter 7 liquidation under trustee Ellen E. Ostrow following its December 14, 2023 petition Dkt. 1. The estate’s path centers on liquidating cryptocurrency and pursuing recoveries: the court’s June 27, 2025 sale order Dkt. 281 authorized open-market sales of cryptocurrency assets unlocked on May 1, 2025, at prevailing market prices. Trustee’s counsel reported that the estate held $19,620,995.70 in cash as of June 30, 2026, plus cryptocurrency assets to be liquidated, in its October 2026 fee application Dkt. 411.

In December 2025, the trustee filed an adversary complaint Dkt. 1 alleging that former executives and others diverted assets from the SafeMoon token liquidity pool and seeking recoveries for the estate. A separate BitMart complaint Dkt. 1 seeks turnover of tokens or their cash equivalent of at least $1.474 million; BitMart had asserted setoff and recoupment defenses, according to the complaint. These are claims for recovery, not established proceeds.

The next identified administration milestone is a November 3, 2026 hearing on four interim professional fee applications under the hearing notice Dkt. 415. The U.S. Trustee objected Dkt. 421 to HEB Advisors’ request, including over its billing rate, the timing of services and differences between the application and notice. A separate hearing on special counsel’s fee request is set for November 18, 2026, under the hearing notice Dkt. 419.