SafeMoon CEO's bail release order put on hold by US prosecutors over flight risk and danger to community

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Cointime2023/11/10 04:33

By:Cointime

SafeMoon CEO Braden John Karony's bail release order has been put on hold by US federal prosecutors due to concerns about flight risk and danger to the community. The New York District Judge stayed the bail release order after prosecutors challenged a Utah Magistrate judge's decision to allow Karony out on $500,000 bail. Prosecutors argued that Karony's substantial financial means and foreign ties could lead him to flee and that he posed a continued danger to the community. The prosecutors also claimed that the Utah court overlooked Karony's assets when setting his bail and alleged that he can access assets totaling millions of dollars.

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