SafeMoon CEO Faces 45-Year Sentence for Crypto Fraud, Signaling Potential Regulatory Shifts

Braden Karony, the CEO of SafeMoon, has been convicted of multiple charges including fraud and money laundering, facing a potential 45-year prison sentence. The project, launched in 2021, claimed to provide secure liquidity, but diverted millions, illustrating the risks associated with unscrutinized crypto projects. This conviction marks a significant turning point for cryptocurrency regulation, potentially impacting the industry’s future.