Ex-SafeMoon CEO Convicted on Fraud Charges: Trial Offers Rare Look Inside Cryptocurrency Company

A New York jury has found Braden John Karony, former CEO of cryptocurrency firm SafeMoon, guilty on three felony counts related to fraud and money laundering. This verdict caps off a two-week trial that offered a unique glimpse into the inner workings of a digital asset company. The charges stemmed from allegations that Karony, along with Thomas Smith (SafeMoon’s former CTO) and Kyle Nagy (the platform’s creator), siphoned millions of dollars worth of SafeMoon’s native token, SFM, from company funds.