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Safemoon CTO pleads guilty in $200m crypto fraud case

  • Safemoon CTO Thomas Smith has pleaded guilty to charges in a $200 million crypto fraud case.
  • Thomas Smith pleaded guilty to two charges of securities fraud conspiracy and wire fraud conspiracy.
  • He admitted to misleading investors about SafeMoon's liquidity pool and making false claims about locked assets.
  • If convicted, Smith could face up to 20 years in prison for wire fraud conspiracy and up to 25 years for securities fraud.

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