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The former CEO of SafeMoon has been found guilty of three felony charges, accused of embezzling millions of dollars in tokens.

According to Gate News bot, Cointelegraph reported that on May 21, a federal jury in the Eastern District of New York found former SafeMoon CEO Braden John Karony guilty of conspiracy to defraud the United States, Money Laundering, and wire fraud, all three felony charges. Prosecutors allege that Karony, along with former CTO Thomas Smith and project founder Kyle Nagy, misappropriated millions of dollars worth of SFM tokens in 2023. In this case, Smith has pleaded guilty and testified. Another involved party, Nagy, is currently at large and is reportedly on the run in Russia.

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Crypto Calendar

Aptos will unlock 11,310,000 APT tokens on October 11th, constituting approximately 2.15% of the currently circulating supply.

Aethir will unlock 1,260,000,000 ATH tokens on October 12th, constituting approximately 12.73% of the currently circulating supply.

1.26B Token Unlock

Aethir unlocks tokens at 10 AM UTC.

Project Updates

Coinbase will upgrade all MATIC tokens to POL from October 14 to 17, and during the migration period, rewards for staking MATIC will not accumulate.

Pi Network has officially launched Pi Hackathon 2025, marking its first major developer challenge following the debut of the Open Network. This hackathon invites developers to design and launch Pi-powered applications that deliver real-world utility and help evolve the ecosystem—with a total prize pool of 160,000 Pi. Building on the innovation momentum from Pi2Day 2025, the competition encourages a broad range of utility-driven ideas, from daily-use tools to entirely new app concepts. All submissions must meet the Mainnet Listing Requirements and provide tangible value to the Pi community. Incentives & Prizes: 1st Place: 75,000 Pi 2nd Place: 45,000 Pi 3rd Place: 15,000 Pi Up to 5 Honorable Mentions: 5,000 Pi each Key Dates: August 15: Registration opens and team formation begins August 21: Hackathon officially starts September 19: Midpoint check-in (optional, but may yield mentorship and exposure) October 15: Final submissions due, including app listing and demo video Developers are encouraged to leverage Pi App Studio, Brainstorm, the Developer Portal, and open-source resources (PiOS), as well as AI tools, to build and refine their ideas.