SafeMoon đối mặt với các vụ bắt giữ DOJ và cáo buộc của SEC

The U.S. Securities and Exchange Commission (SEC) recently announced sanctions against SafeMoon, its founder Kyle Nagy, the company’s CEO John Karony, and its Chief Technology Officer Thomas Smith. File charges.

The SEC charged the men with orchestrating a “massive fraudulent scheme” involving the sale safety month (SFM), an unregistered “crypto-asset security” as defined by the U.S. Securities and Exchange Commission.

According to the indictment, instead of delivering on promised profits and receiving Safe Moon tokens, the defendants wiped out billions of dollars in market value, misappropriated investor funds, and withdrew more than $200 million in crypto assets for personal use. .

In this regard, David Hirsch, Director of the Electronic and Crypto-Asset Division of the SEC Enforcement Division, emphasized that caution is needed in the field of decentralized finance (Decentralized Finance).

SEC files charges against SafeMoon and its executives

According to the complaint, Kyle Nagy assured investors that the funds in SafeMoon’s liquidity pool were securely locked and inaccessible to anyone, including the defendants.

However, much of the liquidity was never locked up, and the defendants allegedly embezzled millions of dollars to indulge in lavish purchases such as McLaren cars, luxury homes and vacation calendars, according to the SEC’s investigation.

The SEC complaint shows that when the public discovered that the liquidity pool was not locked as claimed, the price of SFM surged by more than 55,000% and then plummeted by nearly 50%.

It is worth noting that Caroni and Smith are suspected of using misappropriated assets to manipulate the market and increase the price of SafeMoon through money laundering transactions.

complaint U.S. Securities and Exchange Commissionfiled in the U.S. District Court for the Eastern District of New York, alleges that the defendants violated the registration and anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.

Securities fraud prosecution against directors

An indictment was also unsealed in Brooklyn federal court charging Braden John Karony, Kyle Nagy and Thomas Smith with conspiracy to commit securities fraud, wire transfer Fraud and conspiracy to commit money laundering.

Bren Pease, U.S. Attorney for the Eastern District of New York, announced the arrests and charges.

The U.S. Attorney for the Peace underscored its commitment to hunting down fraudsters in the digital asset space, saying “ill-gotten gains” will not protect them from justice.

Ivan J. Arvelo, the special agent in charge of Homeland Security Investigations in New York, emphasized a “relentless pursuit” of individuals who exploit investors and the financial system for personal gain.

It is important to note that the charges in the indictment are indictments and the defendants are presumed innocent until proven guilty.

SFM collapses, trading at lowest price since launch

After the recent news came to light, SFM plummeted by more than 52%. Currently, the coin is trading at $0.00009142, which is its lowest trading price since its launch in 2022. The massive decline of more than 72% over the past year highlights the seriousness of the matter.

Furthermore, when examining other timeframes, the coin is down 49%, 34%, and 24% over the past 7 days, 14 days, and 30 days, respectively. These figures highlight the ongoing downward trend and underline the seriousness of the situation.

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