Former SafeMoon CEO Found Guilty on Multiple Charges

Braden John Karony, former CEO of the cryptocurrency project SafeMoon, has been found guilty following a two-week trial in the Eastern District of New York. The jury convicted him on all three charges: conspiracy to commit securities fraud, wire fraud, and money laundering. Despite maintaining his innocence throughout the proceedings, Karony’s conviction carries serious implications for both his future and the cryptocurrency ecosystem as a whole. The court will now determine the forfeiture of his assets, pending sentencing. Protos reports suggest that he could face up to 20 years in prison if convicted.