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SEC Charges Bitclout Founder With Multi-Million-Dollar Crypto Fraud
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SEC Charges Bitclout Founder With Multi-Million-Dollar Crypto Fraud

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Source: Bitcoin.com

SEC Charges Bitclout Founder in Multi-Million-Dollar Crypto FraudThe U.S. Securities and Exchange Commission (SEC) has charged Nader Al-Naji, founder of Bitclout (now Decentralized Social), with running a multi-million-dollar fraudulent crypto scheme. Al-Naji allegedly raised over $257 million through unregistered sales of Bitclout tokens (BTCLT) and used the funds for personal expenses. He attempted to evade regulatory scrutiny by portraying Bitclout as decentralized […]

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Author: Kevin Helms

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