Safemoon's spectacular fall continues to turn a stir. After the conviction of its CEO for fraud, the FBI now opens its doors to the victims to try to recover part of the lost funds. But is the restitution in the Crypto universe promise as complex as it is expected?
In short
- The FBI launches a questionnaire to identify the victims of Safemoon eligible for a restitution.
- Braden John Karony, CEO of Safemoon, was sentenced in May for securities fraud and money laundering.
- More than 200 million dollars were diverted from Safemoon liquidity pools despite public security promises.
The FBI launches a restitution investigation after Safemoon's collapse
The FBI officially launched last week a questionnaire intended for injured investors in Safemoon. This initiative follows the conviction last May of Braden John Karony, the 29 -year -old CEO found guilty of securities fraud and money laundering.
The two -week trial in Brooklyn revealed the extent of the deception. Karony and its co -founders have diverted more than $ 200 million from liquidity pools, while they publicly assured that these funds were “locked and untouchable”. This brutal discrepancy between marketing and operational reality discourse illustrates possible drifts in the crypto universe.
FBI's investigation now aims to identify and identify the victims with precision, in order to grant them the legal status necessary to claim a possible restitution. This approach reflects a broader evolution: the American authorities harden their surveillance of DEFI projects, long left in a regulatory gray area.
For Lionel Iruk, senior Nav Markets advisor, this conviction sends a clear message: promises around liquidity pools must respect the same transparency standards as conventional financial titles.
The Safemoon affair Demonstrates that DEFI projects do not benefit from any immunity from the law, even when they rely on smart contracts or decentralized technologies, Iruk reminded Decrypt.
The titanic challenges of crypto restitution
Despite this judicial victory, the restitution of the funds promises to be particularly complex. The very nature of cryptocurrencies makes the recovery process of diverted assets much more difficult than in traditional finance.
First pitfall: losses assessment. Investors have acquired safemoon tokens at prices and very different periods, in a notoriously volatile market.
“” This situation makes it difficult to define a restitution at fair value “Explains Lionel Iruk. How to fix the exact amount of damage when a token can lose or earn 50 % of its value in a single day?
Second difficulty: fund traceability. Even if the authorities manage to grasp part of the assets, their fair redistribution between thousands of holders becomes a real logistical and legal headache.
Many investors do not have complete registers of their transactions, which further complicates the establishment of their eligibility for compensation.
For Wesley Crook, CEO of FP Block, “volatile, dispersed and pseudonymous nature” of decentralized finance makes retrospective solutions largely ineffective.
Rather than relying on a posteriori corrective measurements, he pleads for the design of systems “intrinsically resistant to manipulation”, capable of protecting investors from their creation.
The Safemoon affair marks a turning point in Crypto regulation. It establishes strict legal standards for the entire DEFI ecosystem, while revealing the practical limits of justice in the face of the technical specificities of decentralized finance. The outcome of this restitution procedure will serve as a life -size test for the future of legal appeals in the crypto universe.
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