🚨 SafeMoon CTO Pleads Guilty in $200M Crypto Fraud Case 🚨
Thomas Smith, the Chief Technology Officer of SafeMoon, has pleaded guilty to securities and wire fraud conspiracy in connection with a $200 million cryptocurrency fraud scheme. Prosecutors allege that Smith, along with SafeMoon CEO Braden John Karony and project creator Kyle Nagy, misled investors by falsely claiming that SafeMoon’s liquidity was locked—only to later siphon millions for personal use.
With a potential sentence of up to 45 years in prison, Smith’s guilty plea marks a major milestone in the legal crackdown on crypto-related fraud. Meanwhile, Karony has pleaded not guilty and is set to face trial on April 7, 2025, while Nagy remains at large.