A federal jury convicted former SafeMoon Braden John Karony on all charges in a crypto fraud scheme that siphoned millions from investors under false promises of decentralized finance security.

The jury found Karony guilty of conspiracy to commit securities fraud, wire fraud, and money laundering after a 12-day trial in Brooklyn on May 21.

Prosecutors accused Karony of lying to investors about SafeMoon’s locked liquidity pools while secretly accessing and draining the funds to buy luxury homes and vehicles.