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just saw that SafeMoon's former CEO Braden Karony got hit with 100 months in federal prison. wild how this guy was secretly draining millions from those "locked" liquidity pools while telling everyone the project was totally safe. classic move.
so Braden Karony basically ran one of the biggest exit scams of that whole 2021 wave. prosecutors had receipts showing he siphoned the money out while publicly hyping SafeMoon to retail investors. now he's gotta forfeit $7.5 million and hand over properties too.
the crazy part? SafeMoon crashed like 99%. people lost hundreds of millions. this whole thing became one of crypto's most infamous cases. honestly Braden Karony's sentencing is probably the closest thing we'll get to accountability for some of these 2021 rugpulls. makes you wonder how many other projects got away with similar stuff that year.