Fnalysis.
Empire Collapse
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.
SafeMoon had once topped $5 billion in market cap at its peak, pulling in millions of small investors with the promise of automatic rewards just for holding the token. Karony's sentence adds to those of other former company executives convicted of similar crimes, closing one of the most talked-about crypto fraud chapters of recent years.
Source: CoinDesk →Money? What money?