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.
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“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.”