A federal jury convicted Braden John Karony, CEO of SafeMoon, of securities fraud, telecommunications fraud, and money laundering, after he and his accomplice were accused of withdrawing over 200 million USD from the project's liquidity pools.
Last week, the FBI launched an online form for SafeMoon investors to collect information from victims to assist in the compensation process and legal support. The data provided will be kept confidential.
Observers believe this ruling is a significant milestone, indicating that DeFi projects cannot evade securities laws and anti-fraud standards, despite the use of smart contracts or decentralized technology. However, the process of restitution is considered extremely complex due to the volatility of token prices, incomplete transaction data, and the difficulty of tracing cash flows.
👉 Experts believe that the SafeMoon case sets a clear legal precedent, forcing project founders to be more transparent in tokenomics design and fund management, rather than relying on ambiguity or marketing tricks to attract investors.
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