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Thomas Smith, the former Chief Technology Officer of SafeMoon, has pleaded guilty to charges of securities fraud and wire fraud conspiracy in connection with a $200 million cryptocurrency scheme. Court filings reveal that Smith admitted to misleading investors regarding locked liquidity while diverting funds for personal use. This plea follows years of allegations against SafeMoon, which the company previously dismissed as mere 'FUD' (fear, uncertainty, and doubt). The case highlights the ongoing scrutiny of cryptocurrency projects and the legal repercussions for their leaders.
$200M SAFEMOON SCHEME UNRAVELS SafeMoon’s former CTO, Thomas Smith, has pleaded guilty to wire and securities fraud conspiracies; Smith admitted to lying about locked liquidity while siphoning investor funds for personal use. The fallout from this $200 million fraud saw… https://t.co/FAa19UaGtQ
🚨 LATEST: SafeMoon CTO Thomas Smith changes his plea to guilty in connection with a $200 million crypto scheme. https://t.co/B4KlIzKzUO
🚨JUST IN: SAFEMOON CTO THOMAS SMITH PLEADS GUILTY TO SECURITIES FRAUD AND WIRE FRAUD CONSPIRACY IN A MULTIMILLION-DOLLAR CRYPTO SCHEME, COURT FILINGS REVEAL
