SafeMoon, a crypto company, and its executive team have been charged by the SEC for offering unregistered securities and engaging in fraudulent activities. The SEC alleges that SafeMoon’s CEO, CTO, and creator wiped out billions in market capitalization, withdrew $200 million in crypto assets, and misappropriated investor funds for personal use. Despite claims that the funds were safely locked, it is alleged that large portions were never locked and were used by the management team for luxury purchases. The SEC also warns the public about scammers operating in the crypto space, urging investors to exercise extreme caution.

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Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	1
People	John Karony, Thomas Smith, Kyle Nagy
Companies	SEC, Coinbase, LBRY, SafeMoon
Currencies	SafeMoon
Securities	None