{"id":157853,"date":"2025-05-22T21:00:21","date_gmt":"2025-05-22T18:00:21","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=157853"},"modified":"2025-05-22T17:49:56","modified_gmt":"2025-05-22T14:49:56","slug":"former-safemoon-ceo-convicted-in-2b-crypto-fraud-case","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/former-safemoon-ceo-convicted-in-2b-crypto-fraud-case\/","title":{"rendered":"Former SafeMoon CEO Convicted in $2B Crypto Fraud Case"},"content":{"rendered":"<p>A jury in New York returned a guilty <strong><a href=\"https:\/\/www.justice.gov\/usao-edny\/pr\/chief-executive-officer-digital-asset-company-found-guilty-multi-million-dollar-crypto\" target=\"_blank\" rel=\"nofollow\">verdict<\/a><\/strong> on multiple charges, including wire fraud, money laundering, and conspiracy, tying him to a sweeping scheme that turned investor trust into personal profit.<\/p>\n<p>According to court documents, Karony used the SafeMoon platform as a vehicle to mislead the public, falsely promoting the project as a secure investment while draining funds from its liquidity pools. The money was allegedly funneled into luxury real estate, expensive cars, and other high-end purchases\u2014far from the transparent ecosystem SafeMoon claimed to be building.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoins-climb-above-100k-looks-different-this-time-heres-why\/\" title=\"Bitcoin\u2019s Climb Above $100K Looks Different This Time \u2014 Here\u2019s Why\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/01\/bitcoin-3-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin\u2019s Climb Above $100K Looks Different This Time \u2014 Here\u2019s Why<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Investigators revealed that Karony, alongside key figures in the company, redirected millions meant for development and stability. While Karony denied wrongdoing, a former executive admitted guilt and testified against him. Another co-founder reportedly fled the country and is believed to be in Russia.<\/p>\n<p>The conviction comes amid a broader crackdown on crypto-related fraud, following recent high-profile cases involving other digital asset executives. Authorities warn that such cases reveal a pattern of deception hidden behind flashy branding and technical jargon.<\/p>\n<p>In the wake of the trial, SafeMoon\u2019s token (SFM) dropped by 10% in a single day, continuing a month-long slide. Despite the decline, trading volume briefly rose\u2014possibly reflecting speculative interest or panic trading.<\/p>\n<p>Karony\u2019s sentencing has yet to be scheduled, but he faces a potential 45-year prison term. The SafeMoon case now stands as a stark example of how crypto hype can be weaponized for personal gain, leaving retail investors footing the bill.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Braden Karony, once the public face of SafeMoon, has been found guilty in a major fraud case involving the misuse of billions in investor funds.<\/p>\n","protected":false},"author":3,"featured_media":137809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[],"class_list":["post-157853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocrime"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Former SafeMoon CEO Convicted in $2B Crypto Fraud Case<\/title>\n<meta name=\"description\" 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