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BTCC / BTCC Square / Global Cryptocurrency /
SafeMoon CEO Convicted in Multi-Million Dollar Crypto Fraud Case

SafeMoon CEO Convicted in Multi-Million Dollar Crypto Fraud Case

Author:
Global Cryptocurrency
Published:
2025-05-21 23:54:02
13
2

Braden Karony, CEO of the embattled SafeMoon project, faces severe legal consequences after a federal jury delivered a unanimous guilty verdict on charges of securities fraud, wire fraud, and money laundering. The 12-day trial revealed systematic deception, with prosecutors demonstrating how Karony misrepresented liquidity pool safeguards while diverting investor funds for luxury purchases.

The SafeMoon token’s precipitous fall from its $8 billion market cap peak underscores the risks of speculative crypto assets. This case marks another high-profile enforcement action as U.S. regulators intensify scrutiny of cryptocurrency operations.

|Square

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