Tag: David Hirsch

Another Crypto Fraud: The SEC Accuses The SafeMoon Scheme Of Fraud With Unregistered Security Tokens.

FinTelegram tamir - November 1, 2023

SafeMoon LLC, its progenitor Kyle Nagy, SafeMoon US LLC, as well as their CEO, John Karony, and CTO, Thomas Smith, have been charged by the U.S. Securities and Exchange Commission (SEC) over their fraudulent SafeMoon crypto scheme. Despite promises to profitably drive the token's price “Safely to the moon,” the involved parties allegedly siphoned off more than $200 million from the venture, leading to a substantial loss in market capitalization.

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