<ul><li>Former SafeMoon CEO John Karony faces trial amidst accusations of defrauding investors of over $200 million through the collapse of the DeFi project.</li><li>SafeMoon, once a promising crypto project, saw a drastic downfall, with its native token SFM now worth a fraction of a cent after filing for bankruptcy in December 2023.</li><li>Karony has pleaded not guilty to the charges of securities fraud, wire fraud, and money laundering conspiracy, maintaining his innocence as the trial progresses.</li><li>Former CTO Thomas Smith has pleaded guilty to fraud charges and is testifying against Karony, leaving investors uncertain about the possibility of recovery amidst minimal remaining assets.</li></ul>

Is the Former SafeMoon CEO Really Innocent? 2021 Investors Demand Their Money Back

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