The former CEO of SafeMoon, Braden Karony, is found guilty of a $2 billion cryptocurrency fraud.

The CEO stole customer funds and spent them on luxury purchases.

Braden Karony could face a 45-year prison sentence.

In a significant breakthrough amidst the increasing scrutiny over the cryptocurrency industry, a judge in New York found the former CEO of SafeMoon, Braden Karony, guilty of a $2 billion cryptocurrency fraud. The jury convicted Karony of multiple felonies, including conspiracy, wire fraud, and money laundering.

Reports indicate that the former CEO of SafeMoon defrauded customers and used the funds for personal gain. While sentencing is pending, Karony could face up to 45 years in prison.