Braden Karony, former CEO of SafeMoon, has been sentenced to 100 months in federal prison for his role in a crypto fraud involving the project’s liquidity pool. A jury convicted Karony of securities fraud, wire fraud, and money laundering after prosecutors showed he misappropriated investor funds while claiming they were “locked.” Karony personally withdrew over $9 million in crypto and engaged in manipulative trading to boost the price of the SFM token. The funds were taken from wallets portrayed as untouchable. U.S. District Judge Eric Komitee handed down the sentence in the Eastern District of New York after a ... (full story)