Search results for "SAFEMOON"

U.S. Department of Justice: Recovered $680,000 in Crypto Assets from the Vulnerability, Funds Being Returned to Victims

Gate News bot message, the U.S. Department of Justice (DOJ) has recovered $680,000 related to a Crypto Assets vulnerability and is returning funds stolen through the Safemoon smart contracts vulnerability.
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The former CEO of SafeMoon has been found guilty of three felony charges, accused of embezzling millions of dollars in tokens.

According to Gate News bot, Cointelegraph reported that on May 21, a federal jury in the Eastern District of New York found former SafeMoon CEO Braden John Karony guilty of conspiracy to defraud the United States, Money Laundering, and wire fraud, all three felony charges. Prosecutors allege that Karony, along with former CTO Thomas Smith and project founder Kyle Nagy, misappropriated millions of dollars worth of SFM tokens in 2023. In this case, Smith has pleaded guilty and testified. Another involved party, Nagy, is currently at large and is reportedly on the run in Russia.
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