Description
The SEC sues SafeMoon for perpetrating a massive fraudulent scheme that generated millions through the unregistered offer and sale of SafeMoon’s token. After the scam was discovered, the value quickly plummeted, leading to significant losses to investors.
Legal Significance
Proceedings stayed until the conclusion of the criminal trial against SafeMoon: USA v. Karony
Status
Complaint Filed
Case No.
1:23-cv-08138
Date Filed
November 1, 2023
Plaintiff
SEC
Defendant
SafeMoon LLCSafeMoon US LLCKyle NagyBraden John KaronyThomas Glenn Smith
Court
USDC Eastern District of New York
Plaintiff Counsel
Dean M. ConwayOren GleichJohn O'Donnell Enright
Defendant Counsel
David B. Smith PLLC
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