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Home BlockchainSafeMoon CEO Gets 8 Years in Prison for Crypto Fraud Scheme
Blockchain

SafeMoon CEO Gets 8 Years in Prison for Crypto Fraud Scheme

by Decrypt
written by Decrypt 0 comments
SafeMoon CEO Gets 8 Years in Prison for Crypto Fraud Scheme

In brief

  • SafeMoon CEO Braden Karony was sentenced to 100 months in prison for his role in a crypto fraud scheme surrounding the SFM token.
  • Karony was also ordered to forfeit $7.5 million for his crimes.
  • One co-conspirator is awaiting sentencing, while another is still at large.

SafeMoon CEO Braden John Karony was sentenced to 100 months in prison Tuesday by District Judge Eric Komitee of the Eastern District of New York for his role in a scheme that defrauded investors in the SafeMoon (SFM) token.

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