The defendants, Kyle Nagy, Thomas Smith and Braden Karony are accused of using profits from the token’s creation, which spiked in value as much as 19,000% in 2021, to buy high-end cars and real estate. According to prosecutors, Smith and Karony were arrested, while Nagy remains at large.
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SafeMoon Developers Charged with Fraud
- Friday, Nov 03 2023
- Written by FinTech News Brief