The US SEC charged SafeMoon and three executives with fraud and unregistered securities sales in connection with its SafeMoon token on Nov. 1.
Nov. 1 that it was charging SafeMoon and three of its executives with fraud and unregistered securities sales in connection with its SafeMoon token. The Justice DepartmentAccording to SEC allegations, SafeMoon creator Kyle Nagy, CEO John Karony and chief technology officer Thomas Smithwithdrew assets worth $200 million from the project and misappropriated investor funds.
Karony and Smith have been arrested, according to the Justice Department announcement, while Nagy remains at large.
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