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SafeMoon CEO Convicted in Landmark Crypto Fraud Case—Another Black Eye for ’DeFi Innovation’
SafeMoon CEO Convicted in Landmark Crypto Fraud Case—Another Black Eye for ’DeFi Innovation’
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Another crypto executive falls—this time, SafeMoon’s top boss gets slapped with a guilty verdict in a U.S. federal court. The so-called ’DeFi revolution’ keeps serving up more fraud cases than actual financial disruption.
No surprise here: another moon-shot token turns out to be grounded in old-fashioned deceit. When will the SEC start treating these schemes like the boiler rooms they are?
Bonus jab: At least this time, the ’rug pull’ was metaphorical—just shareholders left holding the bag, not an actual blockchain.
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