Braden John Karony, the former CEO of SafeMoon, who has already been convicted, has been sentenced to 100 months (approximately 8 years) in prison, ordered to pay $7.5 million in restitution, and have two properties forfeited. Prosecutors accused Karony and accomplices of illegally obtaining millions of dollars from the SafeMoon project by manipulating the price of the token and liquidity pools, using the funds to purchase luxury homes, cars, and other personal luxuries. After a three-week trial, Karony was found guilty of multiple federal charges, including conspiracy to commit securities fraud, wire fraud, and money laundering. Among those involved in the case, conspirator Thomas Smith pleaded guilty in February 2025 but has not yet been sentenced, while another person involved, Kyle Nagy, remains at large. U.S. prosecutors stated that they will continue to strengthen enforcement against digital asset economic crimes that harm investors' interests. (Coindesk)