A New York jury has found Braden John Karony, the former CEO of cryptocurrency company SafeMoon, guilty on three felony charges following a trial that lasted about two weeks. The jury deliberated for less than a day before convicting Karony of conspiracy to defraud the United States, money laundering, and wire fraud. The prosecution alleged that Karony, alongside former chief technology officer Thomas Smith and the platform’s creator Kyle Nagy, misappropriated millions of dollars' worth of SafeMoon’s SFM token. Smith testified against Karony during the trial, while Nagy reportedly fled to Russia and remains at large. The case is seen as a significant indicator of how the interim US Attorney for the district, Joseph Nocella, will approach future cases involving digital assets and fraud. This trial commenced on May 5, 2025, with ongoing developments expected as the story unfolds.

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