SafeMoon’s Former CEO Faces Fraud Charges

A push by the Trump-era Justice Department to scale back crypto enforcement has done little to deter federal prosecutors from pursuing Braden Karony, the former CEO of SafeMoon. Karony faces fraud charges tied to the token’s collapse, law360.com reported, citing DOJ filings on Friday. His upcoming trial in May serves as a key test of whether the DOJ’s new approach will shield executives from past alleged wrongdoing. U.S. Attorney John Durham of the Eastern District of New York confirmed in an April 18 court filing that his office would proceed with the case against Karony. This came less than two weeks after Deputy Attorney General Todd Blanche issued a DOJ memo suggesting the department may stop pursuing crypto-related cases rooted in “regulation by prosecution.”