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Futures Points
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Earn futures points and claim airdrop rewards
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Earn interests with idle tokens
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Auto-invest on a regular basis
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VIP Wealth Hub
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
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Details: https://www.gate.com/announcements/article/48693
CTO SafeMoon pleaded guilty to $200 million in crypto fraud!
SafeMoon LLC Chief Technology Officer (CTO) Thomas Smith has changed his plea and pleaded guilty to two counts of fraud. He admitted to participating in a scheme to defraud SafeMoon investors of $200 million.
Smith reportedly faces up to 45 years in prison for charges including conspiracy to commit wire fraud (20 years) and securities fraud (25 years).
Prosecutors allege that SafeMoon management misled investors by claiming that the token's liquidity was locked. In reality, they had access to it. The funds received, according to the prosecution, were used to buy luxury real estate and cars.