Former SafeMoon CEO Braden John Karony was sentenced to 8 years in prison for defrauding investors. He was convicted on multiple charges for manipulating token prices and stealing funds. SafeMoon tokens once had a market cap of $1 billion, but due to contract vulnerabilities and team fraud, the current market cap is only $2.08 million.

Gate News bot message: According to Inner City Press, SafeMoon founder Braden Karony has been sentenced to 100 months in prison.