Close Menu
Cryprovideos
    What's Hot

    BTC Information:BTC Provide on Exchanges Shrinks as Bitcoin Hits New Excessive

    October 6, 2025

    Cardano Worth Close to $0.90 as Catalysts Stack Up—Analysts Eye $1 Breakout – BlockNews

    October 6, 2025

    Ethereum Value Faces Pause – Will Bulls Use This Dip To Gasoline Subsequent Rally?

    October 6, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»SafeMoon CEO Discovered Responsible in US Crypto Fraud Trial – Decrypt
    SafeMoon CEO Discovered Responsible in US Crypto Fraud Trial – Decrypt
    Crypto News

    SafeMoon CEO Discovered Responsible in US Crypto Fraud Trial – Decrypt

    By Crypto EditorMay 22, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    SafeMoon CEO Discovered Responsible in US Crypto Fraud Trial – Decrypt

    In short

    • Braden Karony, CEO of SafeMoon, was convicted in a U.S. federal courtroom of conspiracy to commit securities fraud, wire fraud, and cash laundering.
    • Prosecutors mentioned Karony misled buyers about entry to the token’s liquidity pool and used thousands and thousands in diverted funds for actual property and luxurious automobiles.
    • The SafeMoon token as soon as reached a market cap of greater than $8 billion earlier than collapsing amid fraud allegations.

    A U.S. federal jury has discovered Braden Karony, the chief govt of digital asset agency SafeMoon, responsible on all counts in a crypto fraud case that prosecutors mentioned led to the misappropriation of thousands and thousands of {dollars} in investor funds.

    Karony was convicted of conspiracy to commit securities fraud, wire fraud, and cash laundering following a 12-day trial earlier than U.S. District Decide Eric R. Komitee within the Jap District of New York. He faces as much as 45 years in jail when sentenced.

    A jury additionally ordered the forfeiture of 1 residential property and the proceeds from the sale of one other, amounting to roughly $2 million.

    Prosecutors mentioned the scheme undermined investor confidence in digital belongings and contributed to broader issues about fraud within the crypto market.

    “The SafeMoon digital asset was something however secure and turned out to be pie within the sky for buyers who had been intentionally misled by Karony, a person who sought to get wealthy fast by stealing and diverting thousands and thousands of {dollars},” U.S. Lawyer Joseph Nocella, Jr. mentioned in a assertion.

    Prosecutors alleged Karony and his “co-conspirators” misled buyers in regards to the construction and security of SafeMoon, a token issued in 2021 that utilized a ten% transaction tax on transfers. 

    Half of that price was purportedly redistributed to token holders, whereas the rest was mentioned to be locked in a liquidity pool to assist buying and selling.

    In actuality, the Justice Division mentioned Karony and others retained entry to the liquidity pool and diverted substantial funds for private use. 

    Regardless of public claims that they didn’t maintain or commerce SafeMoon tokens, Karony and others repeatedly purchased and offered the asset for private acquire, together with throughout peak costs, the courtroom heard.

    The diverted funds had been used to buy a number of properties, luxurious automobiles, together with an Audi R8 and Tesla, and customized vans, in line with the indictment.

    Karony is accused of concealing his buying and selling exercise and use of investor funds by means of a collection of pseudonymous wallets and unhosted accounts on centralized exchanges. 

    He personally obtained greater than $9 million in crypto belongings from the scheme, authorities mentioned.

    One co-defendant, Thomas Smith, has pleaded responsible and is awaiting sentencing. One other, Kyle Nagy, stays at giant.

    The case was investigated by the FBI, IRS Legal Investigation, and Homeland Safety Investigations, with help from the U.S. Securities and Alternate Fee. 

    Each day Debrief Publication

    Begin every single day with the highest information tales proper now, plus unique options, a podcast, movies and extra.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    VanEck Experiences September 2025 Crypto Market Developments: Key Insights

    October 6, 2025

    Which Is Tipped As The Greatest Crypto To Purchase Now For The Highest ROI In October

    October 6, 2025

    Japan’s Crypto Sector Outlook Below New PM Sanae Takaichi

    October 6, 2025

    $200 Million Bitcoin Whale Switch Stuns Binance After $125,559 Excessive – U.At this time

    October 6, 2025
    Latest Posts

    BTC Information:BTC Provide on Exchanges Shrinks as Bitcoin Hits New Excessive

    October 6, 2025

    Bitcoin Hits New All-Time Excessive Above $125K Amid U.S. Shutdown Uncertainty – BlockNews

    October 6, 2025

    Bitcoin Steadies After Rally – Is One other Highly effective Breakout Simply Forward?

    October 6, 2025

    $200 Million Bitcoin Whale Switch Stuns Binance After $125,559 Excessive – U.At this time

    October 6, 2025

    '$1 Million Bitcoin' Advocate Mow Believes It's Not Late to Purchase Bitcoin – U.At this time

    October 6, 2025

    Bitcoin ETFs Witness Second-Largest Weekly Influx Since Launch

    October 6, 2025

    Crypto Market Prediction: Bitcoin (BTC) ATH Is Nothing, XRP Begins $5 Run, Shiba Inu (SHIB) No Selection at $0.000013 – U.At this time

    October 6, 2025

    Is the Bull Run Again? Bitcoin Soars on a Wave of Macro Alerts – BeInCrypto

    October 6, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    High 5 Meme Cash to Purchase Now – Fartcoin, SPX6900, Based mostly Bonk and Two New Crypto Cash

    August 13, 2025

    BTC STABLE, SEC ALLOWS IN-KIND REDEMPTIONS, FED DECISION TODAY – Decrypt

    August 3, 2025

    Plasma Worth Prediction: Finest Rising Crypto?

    September 26, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.