Overview
- Karony was convicted by a federal jury of securities fraud, wire fraud, and money laundering tied to SafeMoon’s liquidity pool.
- Prosecutors said he withdrew more than $9 million from wallets presented as untouchable and manipulated trading to boost the SFM token.
- U.S. District Judge Eric Komitee issued the sentence after a hearing that included victim impact statements and defense mitigation.
- SafeMoon unraveled following SEC and DOJ charges in November 2023, then entered Chapter 7 bankruptcy the following month.
- Former CTO Thomas Smith pleaded guilty in 2025 to related conspiracy charges, while alleged co-conspirator Kyle Nagy remains wanted by authorities.