In a significant development amid growing scrutiny over the crypto industry, a New York judge found former SafeMoon CEO Braden Karony guilty of a $2 billion crypto fraud. The jury convicted Karony of multiple felony charges, including conspiracy, wire fraud, and money laundering. Reportedly, the ex-SafeMoon CEO has defrauded customers and used the funds for personal benefits. Although the sentencing date is pending, Karony potentially faces up to 45 years in prison. SafeMoon Scandal: Ex-CEO Convicted of Massive Fraud Scheme According to the Department of Justice, Braden Karony, the former CEO of the blockchain firm SafeMoon, was identified responsible for a $2 billion crypto fraud scheme. The US District Court for the Eastern District of New York stated, As proven at trial, the SafeMoon digital asset was anything but safe and turned out to be pie in the sky for investors who were deliberately misled by Karony. Karony used his… Read More at Coingape.com
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