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SafeMoon Execs Arrested by DOJ in Fraud Investigation, Charged by SEC

Crypto company SafeMoon's CEO and chief technology officer were arrested, accused of withdrawing more than $200M to buy luxury cars and homes from funds that they told investors were "locked," according to the DOJ and the regulator.

The U.S. Department of Justice has arrested the top executives of SafeMoon and accused them of pilfering company coffers.  (Jesse Hamilton/CoinDesk)
The U.S. Department of Justice has arrested the top executives of SafeMoon and accused them of pilfering company coffers. (Jesse Hamilton/CoinDesk)