Posted 11/1/2023, 7:29:00 PM
SafeMoon Founder, Execs Charged with $8B Crypto Fraud
- SafeMoon execs charged by DOJ with fraud related to crypto token once valued at over $8B
- Founder and 2 top execs accused of diverting investor money to buy luxuries like sports cars, travel, homes
- SEC filed related civil charges against defendants over alleged unregistered token sale
- SafeMoon promised investors money was "locked" safely to boost liquidity but wasn't
- Token has lost over half its value since charges announced; founder Nagy at large