- The United States Securities and Exchange Commission (SEC) recently indicted Kyle Nagy, Brandon John Karony and Thomas Glenn Smith on conspiracy charges for securities fraud, wire fraud and money laundering for operating Safemoon and misappropriating millions of dollars from their liquidity pool to buy luxury vehicles
- The Department of Justice (DoJ) and Federal Bureau of Investigation (FBI) arrested Karoney in his Utah Residence, as well as smith whilst Nagy remains on the run.