Braden John Karony, former CEO of Crypto firm Safemoon, made a statement out of court claiming innocence as his criminal trial in New York began.
In a post of May 6 x after court proceedings are likely to be completed for the day, KARony Says He was innocent and “did not make fraud” in response to the media scope of his trial. The former CEO, as well as the creator of SafeMoon Kyle Nagy and former technology officer Thomas Smith, will be charged in 2023 for allegedly “transferring and incorporated by millions of dollars worth of the SFM token of the platform.
According to reporting from the US District Court for New York's Eastern District (Edny) on May 6, KARONY indicated The Nagy, who was reported to flee to Russia after authorities filed authorities, was responsible for some of the alleged safemon fraud. On the first day of the trial, after the jury selection, Smith reported appeared As a witness for prosecution with a safemoon victim.
The trial, which is expected to run until May 26, may receive less attention and scrutiny than other crypto cases, such as the 2023 trial of former FTX CEO Sam Bankman-fried and the alleviation of former Binance CEO Changpeng Zhao. Karony pleaded not guilty of the charges of conspiracy of security fraud, conspiracy of fraud and money conspiracy, and free of a $ 3 million bond since February 2024.
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Many high -profile individuals from the crypto industry faced with criminal charges have not commented on the public on social media until the end of their cases, likely with the advice of advice. Such statements can be used in the test.
Trump's temporary appointment moves without confirmation in the Senate
The case of Karony, first filed in November 2023, came as Donald Trump's appointment of Donald Trump Joseph Nocella the role of a temporary US lawyer for the court district. Edny's courts have previously held cases involving allegations of crypto fraud, but it is unclear whether politics will play a role that progresses, because of Trump's alignment in the crypto industry.
https://www.youtube.com/watch?v=6ulabdvqwre
In the neighboring US district court for the Southern District of New York, Alex Mashinsky is set to be punished on May 8. The former Celius CEO sought a sin on two felony charges in December 2024. The prosecutors asked a judge to impose a 20-year sentence.
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