The former CEO of SafeMoon released an out-of-court statement during his criminal trial, insisting that he is innocent.

2025-05-08 01:35:15

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BlockBeats news, on May 8, according to Cointelegraph, former CEO of the encryption company SafeMoon, Braden John Karony, made an out-of-court statement in New York at the beginning of his criminal trial, asserting his innocence. Karony stated that he is innocent and "did not commit fraud," which is a response to media reports about his trial. Former CEO of SafeMoon, Karony, along with SafeMoon founder Kyle Nagy and former CTO Thomas Smith, were charged in 2023 for allegedly "misappropriating and misusing platform SFM Token worth millions of dollars."

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GateUser-b8de5789

· 05-08 01:43

On the 1H chart, I expect price pumping for the right shoulder. If we zoom in, we will see a double bottom pattern. I expect to see a breakout above the descending trendline, which will lead to pumping, towards the right shoulder.

We can expect:

- scalping long positions from the current levels;

arrival at our short limit orders from the previous review.

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GateUser-b8de5789

· 05-08 01:43

Jump in 🚀

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FocusOnSpot

· 05-08 01:37

Braden John Karony, the former CEO of SafeMoon, pleaded not guilty at the start of his criminal trial, claiming he is innocent and denying involvement in fraud. Karony and two other founders are accused of embezzling platform Tokens worth millions of dollars.

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