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Former SafeMoon CEO insists his innocence and blames the blame on the founder."

On May 8, according to Cointelegraph, former SafeMoon CEO John Karony posted on social media on the first day of court session in New York, insisting on his innocence, and accusing platform founder Kyle Nagy of being the mastermind of the misappropriation of funds. Nagy fled to Russia after being charged. Karony was charged with three counts of securities fraud and money laundering. The case is expected to be heard until May 26. He is currently on $3 million bail.

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