Opening arguments commenced in the cryptocurrency fraud trial of Braden John Karony, former CEO of SafeMoon LLC, in the Eastern District of New York. Prosecutors allege that Karony lied and stole from investors, while the defense maintains he had no intent to deceive and suggested that the company's fugitive founder is responsible for key misrepresentations. The trial has featured testimony from a cooperating witness, Thomas Smith, and included moments such as a confused witness and the presence of SafeMoon merchandise. The case is being closely followed, with live reporting from New York. Separately, a new criminal trial has been scheduled for short seller Andrew Left.