What is the SafeMoon scandal?

Could you elaborate on the SafeMoon scandal? I've heard whispers in the crypto community but the details are murky. Is it related to its meteoric rise and subsequent fall? Or perhaps issues with the team behind the project? Did investors lose significant funds? What regulatory concerns were raised? I'm curious to understand the full scope of this incident and how it might impact the crypto landscape in the future. Clarifying these points would help me gain a more comprehensive understanding of the SafeMoon scandal.