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SafeMoon CEO Found Guilty in Landmark Crypto Fraud Case—Another Black Eye for ’DeFi Innovation’
SafeMoon CEO Found Guilty in Landmark Crypto Fraud Case—Another Black Eye for ’DeFi Innovation’
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Another crypto ’visionary’ falls to the gavel. A federal jury just convicted SafeMoon’s CEO on fraud charges—turns out ’safely to the moon’ was a one-way trip to orange jumpsuits.
Locked liquidity, unlocked handcuffs. The DOJ’s case revealed classic pump-and-dump tactics dressed in DeFi jargon, with $200M in investor funds vanishing faster than a meme coin’s utility.
Regulators sharpen knives. This verdict lands as the SEC circles remaining ’safe’ projects—turns out ’community-driven’ often means ’prosecutor-approved.’
Bonus finance jab: Who needs exit scams when traditional banks offer lower yields but (ironically) better risk disclosure?
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