SafeMoon boss cites DOJ’s nixed crypto unit in latest bid to toss suit
Summary
Braden John Karony, CEO of SafeMoon, is seeking to dismiss charges against him and his firm, citing a memo from US Deputy Attorney General Todd Blanche that disbanded the DOJ’s crypto unit. The memo states the DOJ will no longer pursue litigation that imposes regulatory frameworks on digital assets and will avoid charging violations of securities laws unless necessary. The DOJ and SEC filed charges against Karony and SafeMoon executives in November 2023, alleging they misappropriated $200 million from investors. Karony's previous attempts to delay the trial included referencing potential impacts from Trump’s crypto policies. SafeMoon filed for bankruptcy in December 2023, following the charges and a hack in March 2023.
