United States federal prosecutors have halted the bail of SafeMoon’s CEO Braden John Karony after they challenged the previous order citing a danger to the community and a potential flight risk.

Court filings show New York District Judge LaShann DeArcy Hall has paused Karony’s bail previously ordered by a Utah Magistrates the previous day. Judge Daphne Oberg, had initially given an order setting the bail sum at $500,000, a fee vehemently opposed by prosecutors.

The effect of the initial bail order would have seen the embattled CEO return to his Miami residence and barred him from several crypto-related activities including trading, accessing wallets, and promoting tokens.

Court Halts SafeMoon’s CEO Bail After Prosecutors Allege a “Danger to the Community”

Related news

Xi says U.S. and China can only be adversaries or partners, with no middle ground

South Korean Crypto Exchange Bithumb Still Aiming for IPO Despite ‘Deep’ Troubles

Kazakhstan’s NPC Officially Rolls Out State-backed CBDC in Partnership With Visa and Mastercard

White Hat Hackers Awarded $300K After Uncovering Critical Chainlink VRF Vulnerability

CFX Labs Secures $9.5 Million Seed Round To Expand Solana-based Payment Network

FTX Former CEO Sam Bankman-Fried Grilled in Court Over Exchange's Risk Management Measures

Sam Bankman-Fried Dodges Questions on Alameda Debt Repayment Risks

Court Upholds OFAC's Designation of Tornado Cash Under IEEPA

Court Rejects Class Certification Request Against Robinhood in GameStop Meme Case

UBS boss Ermotti says 'incredible' bond demand is 'a signal to the Swiss banking system'

Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul

Poloniex to Resume Deposits and Withdrawal Services After $100 Million Exploit: Here’s More

Futures Funding Rates Normalize After Crypto Surge Forced Traders to Pay High Fees to Maintain Long Positions

OpenAI halts new ChatGPT Plus sign-ups amid high demand

Poloniex crypto exchange resumes withdrawals after $100M hack

Tornado Cash Users Appeal Court Ruling Backing Treasury Department’s Sanctions

Blockchain.com Receives $110 Million in Series E Funding Led by Kingsway Capital

South Korean Woman Avoids Jail After Stealing Ex-husband’s $1.3m Crypto Stash

Creator of Mutant Ape ripoff NFTs pleads guilty to $3M fraud scheme

PGA Tour says it will offer players equity ownership after it seals deal with investors

Countdown to Ethereum Exposé: Insider Promises Proof of Vitalik Buterin’s Alleged Fraud in 48 Hours