Braden Karony, the 29-year-old founding father of the once-viral cryptocurrency SafeMoon, was sentenced to 100 months (over eight years) in federal jail on Tuesday.
The sentencing marks the ultimate chapter for the token that turned out to be a “huge fraud.”
Choose Eric Komitee of the Japanese District of New York handed down the sentence after a listening to that oscillated between the protection’s distinctive pleas concerning Karony’s upbringing and the testimony of monetary destroy from victims.
“That is extra like theft than fraud,” Choose Komitee remarked earlier than delivering the sentence. “It was not a small loss per individual like in lots of securities frauds.”
Through the listening to, victims painted a grim image of the real-world penalties of Karony’s “rug pull.”

