Two cryptocurrency managers who spent the money they collected from investors on luxury cars were arrested.
SafeMoon Two managers, Braden John Karony and Thomas Smith, told people about the liquidity of the project. “locked” He said it was. However, it is alleged that the managers actually spent this money buy luxury cars and real estate used for.
While two people were arrested, 35-year-old Kyle Nagy has not been found yet.
Federal prosecutor Breon Peace said this about the issue:
“To deceive investors and use money for wrong purposes digital assets As the number of fraudsters using it increases, we will also be after them. “We will continue to focus on the digital asset field and bring those who defrauded investors in this field to justice.”
A 10% reduction in transactions made by SafeMoon users tax deduction It was happening. Half of that was transferred to a liquidity pool owned by SafePool, executives said. The prosecutor’s statement said:
“Defendants actually had access to SFM’s liquidity pools and deliberately used millions of dollars worth of tokens in SFM liquidity pools for their own benefit.”
In addition to the prosecutor’s office, the U.S. Securities and Exchange Commission also went after SafeMoon executives. According to the accusations made by the SEC, SafeMoon is a security It has the characteristics of
SafeMoon’s market capitalization at its peak, $1 billion was at the level. According to current data, SFM, which has a market value of $ 46 million, has increased in the last 24 hours according to CoinGecko. lost more than 50% of its value.
The prosecutor’s office accuses these three executives of conspiracy to commit fraud and laundering proceeds of crime.