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SafeMoon CEO Guilty of Fraud, Faces up to 45 Years in Prison

Crypto exec Braden Karony was found guilty on charges related to securities fraud, wire fraud, and money laundering.
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May 22, 2025 • 1 min read

SafeMoon CEO Braden Karony was convicted of fraud and money laundering, facing up to 45 years in prison after misleading investors and misappropriating funds.

What’s the Scoop?

  • Fraudulent Misuse: SafeMoon CEO Braden Karony was convicted of conspiracy to commit securities fraud, wire fraud, and money laundering.
  • Misuse of Funds: Prosecutors revealed millions in diverted funds were used for luxury purchases like real estate and cars.
  • Market Collapse: The SafeMoon token, once reaching an $8 billion market cap, collapsed amid allegations of investor deceit.

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