Former SafeMoon CEO, Braden Karony, has been convicted of a major cryptocurrency fraud scheme involving $200 million in stolen funds. This conviction raises significant concerns about the future of the crypto industry and casts doubt on investor confidence in the sector. 🕵️♂️ 💻 💰 Evidence revealed that Karony misappropriated millions of dollars from SafeMoon’s liquidity pools, fueling his lavish lifestyle while deceiving countless investors. His downfall is highlighted by a plea deal with former CTO Thomas Smith, who testified against him after cooperating with authorities. The case has far-reaching implications for the crypto landscape as it calls into question regulatory frameworks and investor protection.