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…
