Quests

SafeMoon CEO requests to postpone his trial due to "policy changes" by the SEC during Trump's term

ChainCatcher news, according to Cointelegraph, Braden John Karony, the former CEO of the cryptocurrency company SafeMoon, has requested a judge to postpone his criminal trial, seemingly hoping that the Trump administration's stance on digital assets could lead to at least one charge being dropped.In documents submitted to the U.S. District Court for the Eastern District of New York (EDNY) on February 5, Karony requested that the federal judge delay the jury selection for his trial from March to April 2025, citing "significant changes" brought by the U.S. Securities and Exchange Commission (SEC) during President Trump's term. The legal team for the SafeMoon CEO referenced an executive order signed by Trump on January 23, which explored potential changes in U.S. digital asset regulation, as well as a statement from SEC Commissioner Hester Peirce, which suggested that the commission would consider providing "retroactive relief" for certain cryptocurrency cases.It is currently unclear when Judge Eric Komitee will make a decision regarding Karony's request. In November 2023, U.S. authorities charged Karony, Kyle Nagy, and Thomas Smith of SafeMoon with conspiracy to commit securities fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. Karony was released on bail after paying $3 million in February 2024. Karony has pleaded not guilty to all charges.

Pump.fun "attacker" requests to withdraw guilty plea, lawyer abandons lawsuit

ChainCatcher news, according to Decrypt, after admitting to the "attack" on Pump.fun two months ago, Jarett Dunn (also known as Stacc) has requested to withdraw his guilty plea. The charge was abuse of power and transfer of criminal property. This move comes as his legal team has withdrawn from the case.The "attack" occurred while Jarett Dunn was an employee of Pump.fun, and he stated that he wanted to "terminate" the protocol because it had "unintentionally harmed people for a long time." When Jarett Dunn stole approximately $2 million from the protocol, he sent the tokens to some random, unauthorized addresses. Although this "attack" still harmed some everyday traders, a group of bystanders hailed Dunn as the Robin Hood of cryptocurrency. Jarett Dunn attended a hearing at the Wood Green Crown Court in London, which was originally scheduled for his sentencing. If everything went as planned, he could have faced over seven years in prison. But at the last moment, Jarett Dunn changed his mind and requested to withdraw his guilty plea. This move could lead to Dunn facing a longer prison sentence.Jarett Dunn currently has two weeks to find representation for the hearing, where he will seek to change his plea. If the request is accepted, the case will enter the trial phase, during which many witnesses (possibly including the founder of Pump.fun) will be summoned to testify. Nevertheless, the court may still reject Jarett Dunn's request.
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