SafeMoon’s Former CEO Faces Trial as Justice Department Rejects Policy Shift

The U.S. Attorney’s Office for the Eastern District of New York maintains its commitment to bringing Karony to trial, rejecting a new Justice Department memo urging caution in pursuing crypto-related legal action. This contrasts with the department’s recent guidance advocating restraint in certain cases, especially those involving cryptocurrency. Karony faces allegations of misuse of investor funds through deceptive transactions linked to SafeMoon’s native token. Investigators claim he stole millions between 2021 and 2022 by exploiting these token operations under false pretenses.