Former SafeMoon CEO Convicted in $2B Crypto Fraud Case
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Braden Karony, the ex-CEO of SafeMoon, has been convicted on charges of wire fraud, money laundering, and conspiracy in a New York court. The case centers on the alleged misuse of investor funds, with Karony accused of siphoning billions from SafeMoon’s liquidity pools for personal luxuries.
Prosecutors presented evidence that Karony misled investors by portraying SafeMoon as a secure investment while diverting funds to high-end real estate and vehicles. The verdict marks a significant moment in the ongoing scrutiny of cryptocurrency projects and their accountability to investors.
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