SafeMoon's CEO, John Karony, and CTO, Thomas Smith, were arrested on November 1, 2023, and are facing fraud charges.12 The Department of Justice (DOJ) has charged them with conspiracy to commit securities fraud, wire fraud, and money laundering.2 The indictment alleges that they diverted tens of millions of investor dollars for personal luxuries and enrichment.2 SafeMoon's founder, Kyle Nagy, remains at large. The case was unsealed in federal court in Brooklyn.23