SafeMoon CEO is out on bail but could lose his lawyers

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SafeMoon CEO Braden John Karony is out on a $3 million bond, but his lawyers want to exit, claiming he hasn’t paid his legal bills.

The CEO of bankrupt crypto firm SafeMoon, Braden John Karony, has been released on bail but could be left in the hands of a public defender due to a “lack of funds to pay for private counsel.”

Karony has been embroiled in an alleged “multimillion-dollar international fraud scheme,” with the United States Justice Department charging Karony and his colleagues with securities, wire fraud and money laundering conspiracy in November 2023.

However, his lawyers — Petrillo Klein & Boxer — have been looking to withdraw as Karony’s counsel as early as Jan. 22, citing the SafeMoon CEO’s “apparent lack of funds” to pay for private counsel.

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