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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.

By Oliver Knight, Jesse Hamilton|Edited by Jesse Hamilton

Updated Nov 1, 2023, 7:36 p.m. Published Nov 1, 2023, 5:01 p.m.

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