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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.
SafeMoon CEO Guilty of Fraud, Faces up to 45 Years in Prison
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May 22, 2025 • 1 min read
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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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