SafeMoon Ex-CEO Found Guilty on All Charges

Krutika Adani

Braden Karony Faces Up to 45 Years in Prison

Former SafeMoon CEO convicted of securities fraud, wire fraud, and money laundering by a federal jury after a 12-day trial.

The SafeMoon Fraud

Prosecutors say Karony misled investors, claiming liquidity pools were secure—while secretly cashing out millions.

$9M in Luxury Homes, Cars, and Custom Trucks

Karony used investor funds to buy a $2.2M Utah home, two Audi R8s, a Tesla, and high-end trucks—while users were duped.

Co-Conspirators Flip

Developer Thomas Smith turned witness; platform creator Kyle Nagy is on the run. Jury orders forfeiture of $2M in assets.

DOJ Sends a Clear Message

“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.

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