SafeMoon CEO Found Guilty in Major Crypto Fraud Case
Braden Karony, CEO of crypto project SafeMoon, has been found guilty of defrauding investors in a high - profile case that’s shaken the crypto world. A federal jury convicted Karony on three serious charges: securities fraud, wire fraud, and money laundering. He now faces up to 45 years in prison.
Prosecutors revealed that Karony and his associates secretly drained millions from SafeMoon’s token liquidity pool using hidden wallets, all while publicly claiming the funds were “locked” and secure. Karony alone is accused of spending over $9 million of investor funds on luxury cars and real estate.
This verdict sends a strong message about accountability in crypto. While SafeMoon promised transparency and security, the reality was a scheme built on deception. As regulators tighten their focus, the case underscores the risks investors face in the still-evolving digital asset space.
