Former SafeMoon CEO Sentenced to 8 Years in Prison

Former CEO Sentenced to Prison

Braden John Karony, the former CEO of SafeMoon, was sentenced to a total of 100 months in prison on Tuesday. The court stated that Karony and his accomplices used millions of dollars gained through crypto operations for their personal profit.

According to publicly available information, this money was spent to sustain their luxurious lifestyles. Investors had directed their investments toward the SafeMoon project, trusting the opportunities it offered; however, this situation ended with a major fraud scandal.