Tag: John Karony

DeFi Drama in the Dock – SafeMoon CEO John Karony on Trial for Massive Investor Fraud!

Court Cases tamir - May 8, 2025

The sensational federal trial of SafeMoon CEO Braden John Karony kicked off in Brooklyn, promising to be one of the most explosive DeFi crime showdowns of the year. Karony stands accused of masterminding a multimillion-dollar scheme under the guise of a “decentralized” finance token that defrauded over a million investors. Former CTO Thomas Smith turned on him, founder Kyle Nagy reportedly hides in Russia.

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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