Safemoon Fraud: Former CTO Guilty

Safemoon’s Former CTO Pleads Guilty to Fraud

• Thomas “Papa” Smith, former CTO of Safemoon, has entered a guilty plea.
• Safemoon was a decentralized finance (DeFi) project valued at $8 billion.
• The project went bankrupt due to fraudulent activities.

Thomas “Papa” Smith’s guilty plea marks a significant development in the collapse of Safemoon, an $8 billion DeFi project that went bankrupt amid fraud allegations.