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.
The SafeMoon saga, in all its low-rent absurdity and sheer incompetence, may be the perfect encapsulation of crypto’s maximum-fraud era.
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.
Henry “Hank” Wyatt says that John Karony approved website content that misrepresented the nature of SafeMoon’s tokenomics.
According to former SafeMoon CTO Thomas “Papa” Smith, “As soon as I start asking you to trust me, you shouldn’t.”