SafeMoon's CEO was sentenced to over 8 years in prison for scamming investors of a token that promised "safety" in its own name

Braden John Karony, CEO of SafeMoon US LLC, was sentenced in February 2026 to 100 months in prison for securities fraud, wire fraud, and money laundering, and ordered to forfeit $7.5 million. He used investors' money to buy mansions and luxury cars while the token — which had "Safe" right there in the name — lost practically all its value.