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SafeMoon CTO Thomas Smith Pleads Guilty in $8B Crypto Fraud Case
- SafeMoon CTO Thomas Smith pleaded guilty to securities fraud conspiracy and wire fraud conspiracy.
- Prosecutors accused SafeMoon executives of misappropriating investor funds for personal use.
- Authorities revealed that SafeMoon leaders falsely claimed liquidity pools were locked.
- Legal proceedings against other executives, including the CEO, are ongoing.
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