SafeMoon CEO sentenced for fraud and Money Laundering, FBI launches victim investigation

robot
Abstract generation in progress

[Coin World] A federal jury found SafeMoon CEO Braden John Karony guilty of fraud and money laundering, prompting the FBI to begin searching for defrauded investors. The FBI has launched a victim questionnaire to support compensation and determine the scope of the fraud. Karony and his co-founder misappropriated over $200 million from the liquidity pool, despite claiming the funds were locked. Legal experts point out that this case sets a precedent for DeFi projects facing enforcement like traditional securities, although token price fluctuation and tracking difficulties complicate compensation. The ruling underscores the need for transparency and safeguards in tokenomics.

SFM1.85%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
ponzi_poetvip
· 3h ago
This two hundred million dollars is not locked, not locked.
View OriginalReply0
TradFiRefugeevip
· 3h ago
So tragic, it's like being in prison for two years.
View OriginalReply0
GasFeeBeggarvip
· 3h ago
It's happening again, another Rug Pull project.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)