The U.S. Securities and Exchange Commission (SEC) announced charges against cryptocurrency companynSafeMoon, its creator Kyle Nagy andits U.S. counterpart SafeMoon US. The executive team, which included CEO John Karony and Chief Technical Officer Thomas Smith, were accused of orchestrating a grand fraudulent scheme involving the unregistered sale of the crypto asset security, SafeMoon. The SEC alleged SafeMoon’s promoters made grandiose promises, assuring the token would soar “safely to the moon.” Contrary to these promises, they not only obliterated billions in market capitalization but also a…