SafeMoon CEO Braden John Karony found guilty on all counts
Former SafeMoon CEO Braden John Karony has been found guilty on all criminal counts against him: conspiracy to commit securities fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. SafeMoon was a briefly popular project, reaching a maximum market capitalization of approximately $1 billion before collapsing, according to CoinGecko. Karony’s misrepresentations to investors around the project included claims about key token mechanics, such as apparently locked liquidity pools. Karony and the other SafeMoon leaders withdrew tens of millions of dollars of value from these pools, despite representing them as locked. SafeMoon CEO defense claims there was no conspiracy among execs Read more: SafeMoon CEO defense claims there was no conspiracy among execs The former CEO’s defense was unsuccessful in arguing that there was no conspiracy among the leaders of the scheme. Thomas Smith, one of the co-conspirators who has alre...