#SFM Braden Karony, the former CEO of #SafeMoon , was found guilty on May 21, 2025, in New York for conspiracy to commit securities fraud, wire fraud, and money laundering. A jury decided he misled investors and funneled millions in SafeMoon tokens into luxury items like fancy cars and expensive homes. He’s now facing up to 45 years in prison and has to give up \$2 million in assets.

Karony says he’s not guilty and pointed the finger at co-founder Kyle Nagy—who, by the way, skipped town and reportedly fled to Russia. Another exec, Thomas Smith, testified against Karony after taking a plea deal. The whole case has become another big example of the risks and shady dealings still hanging over the crypto world.