In brief
- Braden Karony, CEO of SafeMoon, was convicted in a U.S. federal court of conspiracy to commit securities fraud, wire fraud, and money laundering.
- Prosecutors said Karony misled investors about access to the token’s liquidity pool and used millions in diverted funds for real estate and luxury cars.
- The SafeMoon token once reached a market cap of more than $8 billion before collapsing amid fraud allegations.
A U.S. federal jury has found Braden Karony, the chief executive of digital asset firm SafeMoon, guilty on all counts in a crypto fraud case that prosecutors said led to the misappropriation of millions of dollars in investor funds.
Karony was convicted of conspiracy to commit securities fraud, wire fraud, and money…
May 22 2025
