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Cointelegraph by Brayden Lindrea

Former SafeMoon CEO Braden Karony gets 100‑month prison term for $9M fraud

Former SafeMoon CEO Braden Karony has been sentenced in February 2026 to 100 months in prison for diverting $9 million from the platform's liquidity pool in 2021 to fund personal luxury purchases. He was also ordered to forfeit about $7.5 million, while ex-CTO Thomas Smith has pleaded guilty and awaits sentencing, and platform creator Kyle Nagy remains at large. The case adds to a growing list of high-profile crypto executives convicted over misconduct during the 2021‑2022 market cycle.
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