SafeMoon CEO Faces Fraud Charges, Founder Blamed in New York Trial

Braden John Karony, former CEO of SafeMoon, is currently facing fraud charges in a trial in New York. On May 6, 2025, he denied the accusations and placed blame on his company’s founder, Kyle Nagy. The trial continues with key players including former CTO Thomas Smith, who has been cooperating with the prosecution. This case raises significant questions regarding cryptocurrency regulations and investor trust, especially after high-profile fraud cases in the sector.