Bitcoin24h $103,442.43-1.70%

Ethereum24h $2,570.85-2.61%

XRP24h $2.17-2.79%

BNB24h $655.08-1.85%

Solana24h $149.66-4.20%

Dogecoin24h $0.1808-5.24%

TRON24h $0.2735+0.09%

Cardano24h $0.6636-2.45%

Hyperliquid24h $34.31-6.14%

Sui24h $3.08-4.31%

LONG READ: How John Karony went from visionary to convicted fraudster

The SafeMoon saga, in all its low-rent absurdity and sheer incompetence, may be the perfect encapsulation of crypto’s maximum-fraud era.

SafeMoon CEO defense claims there was no conspiracy among execs

The defense said there could be no conspiracy between John Karony and SafeMoon CTO Thomas “Papa” Smith, because Smith was just taking orders.

CEO John Karony is accused of secretly withdrawing funds from SafeMoon liquidity pools and using them to buy cars and real estate.

The trial of former SafeMoon CEO John Karony saw testimony from a victim who lost $20K and a SafeMoon die-hard in a branded hoodie.

A stoic Sam Bankman-Fried sat down after the verdict, changed his mind, and hovered half-out of his chair as if looking for direction.