SafeMoon Token Settlement: $200,000 for Jake Paul Buyers

You may be included if you bought SFM Tokens directly from Jake Paul between March 8, 2021 and November 1, 2023, or if you bought them because of a Jake Paul solicitation you saw. The notice excludes defendants in the lawsuit and certain people and entities connected to them, including specified family members, representatives, successors, and controlled entities.

Receiving the notice does not itself establish that you are in the class or entitled to money.

You must submit a Proof of Claim and Release Form to seek a payment. It can be mailed or filed online, and it must be postmarked or submitted online by November 9, 2026.

The notice says a late claim may be rejected. It also says that a person who does not submit a valid claim will not receive money, unless they opted out.

The supplied notice requires a Proof of Claim and Release Form, but it does not state what transaction records or other supporting documents must be submitted with the form. The notice refers to a claim form distributed with the notice, so readers should use that form’s instructions for any documentation details.

Payments are not a fixed amount. Eligible claimants who submit valid claims share the Net Settlement Fund based on the size of each person’s recognized claim compared with all recognized claims.

Generally, the plan starts with what was paid for eligible tokens and subtracts sale proceeds received on or before December 14, 2023. It also applies limits for overall market gains and losses. A calculated distribution below $10 will not be paid.

If you made more than one purchase or sale during the class period, the plan uses FIFO, meaning “first in, first out.” In practical terms, sales are matched first with the earliest tokens you bought or otherwise acquired during the class period.

Purchase and sale prices do not include fees or commissions. Cryptocurrency used to buy SFM Tokens, or received when selling them, is valued in U.S. dollars using its market price on the transaction date.

Opting out means leaving the settlement. If you opt out correctly, you will not receive a settlement payment, but you keep the ability to pursue your own lawsuit about the legal issues covered by this case.

Your mailed exclusion request must be postmarked by October 1, 2026. Include your name, contact information, wallet address or addresses used for eligible-token purchases or sales, and your signature. The notice says you cannot opt out by phone or email.

You may object if you stay in the class. An objection must explain the reasons for your objection, state whether it applies to you, part of the class, or the whole class, and include documents sufficient to show class membership.

The Court must receive your objection by October 1, 2026. You must also ensure that Lead Counsel and Jake Paul’s counsel receive copies by that date. You cannot both opt out and object; an objection from someone who opts out will be disregarded.

Unless you opt out, you will be bound by the settlement even if you do not submit a claim. This means you give up the claims released by the settlement against Jake Paul and the other released defendant parties relating to SFM Tokens and the matters involved in this case.

The notice says the release does not include claims to enforce the settlement, claims of people whose exclusion requests are accepted, or claims against third parties, including people alleged to have acted with or aided Jake Paul.

The court hearing is scheduled for October 22, 2026, at 10:00 a.m. in Salt Lake City, Utah. The Court will consider whether to approve the settlement, fees and expenses for Lead Counsel, payments to the Lead Plaintiffs for their time and expenses, and a final judgment.

The Court may reschedule or continue the hearing without further notice to class members.