Bitcoin24h $68,908.09+0.36%

Ethereum24h $2,002.92+1.83%

XRP24h $1.49+0.95%

BNB24h $626.89+1.83%

Solana24h $86.95+1.04%

TRON24h $0.2852+1.66%

Dogecoin24h $0.1008-1.37%

Bitcoin Cash24h $574.94+3.24%

Cardano24h $0.2852+1.37%

Hyperliquid24h $31.25+3.26%

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 Braden John Karony found guilty on all counts

The jury found Karony guilty on all three criminal counts in his trial related to misrepresentations to investors.

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

A closing statement by Assistant US Attorney Dana Rehnquist laid out two dozen “material lies” told by SafeMoon CEO John Karony.

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