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FBI Seeks SafeMoon Victims for Restitution Following CEO Fraud Conviction
FBI Seeks SafeMoon Victims for Restitution Following CEO Fraud Conviction
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BTCCSquare news:
Braden John Karony, CEO of the collapsed DeFi project SafeMoon, was convicted by a federal jury in May on charges of securities fraud, wire fraud, and money laundering. Prosecutors demonstrated that Karony and his co-founders misappropriated over $200 million from the project's liquidity pools, despite public assurances that the funds were secure.
The FBI has now opened a victim questionnaire to identify affected investors who may qualify for restitution and support services. Responses will remain confidential, with the bureau aiming to determine the full scope of the fraud. This case underscores growing regulatory scrutiny of token promoters and the challenges of restitution in decentralized markets.
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