SafeMoon’s $8B Crypto Collapse: CEO Convicted in Massive Fraud, Faces 45-Year Sentence

May 22, 2025 08:00 am Cryptocurrency 173

Key Takeaways:

SafeMoon CEO Braden Karony convicted of wire fraud, securities fraud, and money laundering.

Over $9 million misappropriated from SafeMoon’s liquidity pool, used for luxury cars and real estate.

Market cap once topped $8B, now a symbol of how hype-fueled DeFi projects can unravel into criminal schemes.

In a landmark case that underscores the high-stakes risks in crypto investing, Braden Karony—the CEO of SafeMoon—has been found guilty on all charges in a multi-million dollar fraud scheme. Once hailed as a DeFi success story, SafeMoon’s dramatic fall is now a cautionary tale for investors and regulators alike.

DeFi Giant Turns Ponzi-Like Operation

SafeMoon launched in early 2021 amid the height of the meme coin and DeFi craze. The token quickly gained viral populari ..

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