SafeMoon CTO changes plea to guilty in $200M crypto fraud case

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Safemoon's Former CTO Pleads Guilty to Fraud – Legal Bitcoin News

The guilty plea is the latest development in one of crypto’s most scandalous fraud schemes that left an $8 billion project bankrupt. Former Executive of Defunct Crypto Firm Safemoon Enters Guilty Plea Thomas “Papa” Smith used to be the chief technology officer at Safemoon, an $8 billion decentralized finance (DeFi) project that went bankrupt in […]

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The guilty plea is the latest development of one of Crypto's most scandalous fraud regimes that left a $ 8 billion bankrupt. The former executive of the late crypto firm Safemoon enters the guilty plea Thomas "Papa" Smith was the director of Safemoon's technology, a [...] Read more The former CTO of Safemoon pleads guilty to fraud appeared first on The Crypto Monnaie.

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SafeMoon CTO Pleads Guilty in Major Fraud Case - Bitcoinsensus

Thomas Smith, CTO of SafeMoon, pleaded guilty to fraud charges, facing up to 45 years in prison SafeMoon’s market cap plunged by more than half due to the fraud allegations Kyle Nagy, SafeMoon’s creator, remains missing and is rumored to be in Russia Thomas Smith, the Chief Technology Officer of Safemoon, recently pleaded ‘guilty’ in the infamous Safemoon fraud case. Smith was charged with fraud conspiracy, and wire fraud conspiracy, potentially…

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Safemoon executive pleads guilty in $200M fraud case as project pivots to memecoin strategy

Former Safemoon Chief Technology Officer (CTO) Thomas Smith has pleaded guilty to charges related to a $200 million fraud scheme tied to the controversial crypto project. On Feb. 20, investigative YouTuber Stephen Findeisen, known as Coffeezilla, reported the development, recalling that he had exposed Safemoon’s fraudulent practices three years ago. At the time, the project…

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SafeMoon CTO Admits Guilt In $200M Crypto Fraud Case

SafeMoon CTO has pleaded guilty to allegations that he took part in a $200 million crypto scheme Karony’s request to dismiss the charges was denied, and his trial will begin on April 7. Thomas Smith, CTO of the then crypto firm SafeMoon, has pleaded guilty to fraud charges. He took part in a scheme that deceived investors and caused losses of over $200 million. The U.S Department of Justice and SEC have been actively fighting crypto fraud. On th…

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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. US authories arrested the Safemoon exec, alongside CEO Braden John Karony, in 2023. Thomas Smith, the chief technology officer of SafeMoon LLC, has pleaded guilty to two charges of securities fraud conspiracy and wire fraud conspiracy. Smith pleaded guilty to the charges at a Brooklyn federal court per filings on Feb. 20. The Safemoon CTO, whose earlier …