Krutika Adani
Former SafeMoon CEO convicted of securities fraud, wire fraud, and money laundering by a federal jury after a 12-day trial.
Prosecutors say Karony misled investors, claiming liquidity pools were secure—while secretly cashing out millions.
Karony used investor funds to buy a $2.2M Utah home, two Audi R8s, a Tesla, and high-end trucks—while users were duped.
Developer Thomas Smith turned witness; platform creator Kyle Nagy is on the run. Jury orders forfeiture of $2M in assets.
“With this verdict, we showed SafeMoon was anything but safe,” said U.S. Attorney. Karony joins Mashinsky and SBF in crypto's hall of shame.