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Former SafeMoon CEO convicted of three felony charges, faces up to 45 years in prison
2025-05-22 00:16:19

Odaily News A New York jury found Braden John Karony, former CEO of cryptocurrency company SafeMoon, guilty of all three felony charges, including conspiracy to defraud the United States, money laundering, and wire fraud. The jury reached its verdict in less than a day after a trial that lasted about two weeks. Karony was accused of misappropriating millions of dollars in funds for personal spending during SafeMoon's soaring market value. He was indicted along with former CTO Thomas Smith, who has turned into a tainted witness, and platform creator Kyle Nagy, who has reportedly fled to Russia. Karony faces up to 45 years in prison.