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cryptonews
2023-12-15 04:31:09

Safemoon Files for Chapter 7 Bankruptcy Month After SEC Charged Founders With Fraud

Safemoon Files for Chapter 7 Bankruptcy Month After SEC Charged Founders With Fraud

Source: Pixabay Decentralized finance protocol SafeMoon has officially filed for Chapter 7 bankruptcy protection in the face of mounting allegations of fraud and mismanagement. The company’s founders Kyle Nagy, Thomas Smith, and Braden Karony, accused of misleading investors, are facing a $200 million SEC lawsuit for securities fraud. The bankruptcy filing comes after a tumultuous The post Safemoon Files for Chapter 7 Bankruptcy Month After SEC Charged Founders With Fraud appeared first on Cryptonews .

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