Overview
- U.S. District Judge Eric Komitee in Brooklyn sentenced Braden John Karony to 100 months in federal prison on February 10 after a jury conviction last May.
- Karony was ordered to forfeit about $7.5 million and two residences, with a victim‑restitution hearing scheduled for April 23, 2026.
- Prosecutors showed Karony diverted more than $9 million from wallets marketed as untouchable, using complex transactions to fund homes and luxury cars.
- A federal jury found him guilty of conspiracy to commit securities fraud, wire fraud, and money laundering tied to the SafeMoon token’s liquidity pools.
- Former CTO Thomas Smith pleaded guilty and awaits sentencing, while alleged co‑conspirator Kyle Nagy remains at large as authorities highlight broader crypto‑fraud enforcement.