Blockchair's logo
Where Did $257 Million Go? BitClout Founder Faces Fraud Charges from SEC and DOJ Blockonomi 31 Jul 2024

Where Did $257 Million Go? BitClout Founder Faces Fraud Charges from SEC and DOJ ⚖️

BitClout SEC DOJ Nader Al-Naji USA
BitClout founder Nader Al-Naji faces charges from the SEC and DOJ for wire fraud and selling unregistered securities. He allegedly raised $257 million from token sales but diverted $7 million for personal expenses. The SEC claims Al-Naji misled investors about BitClout's decentralized nature to skirt regulations. This controversy includes creating profiles without consent. The post detailing the charges appeared on Blockonomi.

Source: blockonomi.com ↗

Similar articles (15)

BitClout Founder Charged With Fraud by SEC and Justice Department Decrypt 30 Jul 2024
BitClout Founder Charged With Fraud by SEC and Justice Department
BitClout Founder Faces SEC Fraud Charges Following $257 Million Investor Losses Bitcoinist 31 Jul 2024
BitClout Founder Faces SEC Fraud Charges Following $257 Million Investor Losses
SEC charges Bitclout aka DeSo’s Al-Naji with $257M securities fraud Ambcrypto 31 Jul 2024
SEC charges Bitclout aka DeSo’s Al-Naji with $257M securities fraud
SEC Charges Bitclout Founder With Multi-Million-Dollar Crypto Fraud Bitcoin.com 30 Jul 2024
SEC Charges Bitclout Founder With Multi-Million-Dollar Crypto Fraud
BitClout Founder Charged with Multi-Million Dollar Crypto Fraud Coinpedia 30 Jul 2024
BitClout Founder Charged with Multi-Million Dollar Crypto Fraud
Founder Of Bitclout Charged By The SEC For Stealing $7 Million From Investors Coincu 30 Jul 2024
Founder Of Bitclout Charged By The SEC For Stealing $7 Million From Investors
SEC Charges BitClout Founder Nader Al-Naji with Fraud Beincrypto 30 Jul 2024
SEC Charges BitClout Founder Nader Al-Naji with Fraud
Breaking: BitClout Founder Faces $257M SEC Charge Over Crypto Fraud Coingape 30 Jul 2024
Breaking: BitClout Founder Faces $257M SEC Charge Over Crypto Fraud
SEC and DOJ Charge Nader Al-Naji in $257 Million BitClout (BTCLT) Fraud Scheme Coinotag 03 Aug 2024
SEC and DOJ Charge Nader Al-Naji in $257 Million BitClout (BTCLT) Fraud Scheme
BitClout Founder Charged by SEC Coinotag 30 Jul 2024
BitClout Founder Charged by SEC
BitClout Founder Nader Al-Naji Charged by SEC for $257M Fraudulent Crypto Scheme Coinotag 30 Jul 2024
BitClout Founder Nader Al-Naji Charged by SEC for $257M Fraudulent Crypto Scheme
SEC Charges BitClout’s Al-Naji for $257M Fraud Involving BTCLT Token Coinotag 31 Jul 2024
SEC Charges BitClout’s Al-Naji for $257M Fraud Involving BTCLT Token
BitClout Founder Nader Al-Naji Faces SEC and DOJ Allegations Over BTCLT Fraud Scheme Coinotag 31 Jul 2024
BitClout Founder Nader Al-Naji Faces SEC and DOJ Allegations Over BTCLT Fraud Scheme
SEC Sues BitClout Founder Over Unregistered BTCLT Sales and Misuse of Funds Coinotag 01 Aug 2024
SEC Sues BitClout Founder Over Unregistered BTCLT Sales and Misuse of Funds
SEC Files Major Fraud Charges Against BitClout Founder Nader Al-Naji Involving BTCLT Token Coinotag 30 Jul 2024
SEC Files Major Fraud Charges Against BitClout Founder Nader Al-Naji Involving BTCLT Token

Trending topics

Digest

Daily Weekly
The Daily: US appeals court rules OFAC exceeded its authority in Tornado Cash sanctions, WalletConnect launches its first airdrop season and more The Block 15 hours ago
The Daily: US appeals court rules OFAC exceeded its authority in Tornado Cash sanctions, WalletConnect launches its first airdrop season and more
Tether Ends EURT Support to Focus on MiCAR-Compliant Stablecoins Cryptonews 6 hours ago
Tether Ends EURT Support to Focus on MiCAR-Compliant Stablecoins
Bitcoin demands $95K reclaim as six-figure BTC price calls return Cointelegraph 13 hours ago
Bitcoin demands $95K reclaim as six-figure BTC price calls return
China-based SOS Joins Corporate Bitcoin Trend with $50M Investment Decrypt 2 hours ago
China-based SOS Joins Corporate Bitcoin Trend with $50M Investment
Donald Trump Eyes CFTC as Frontline Regulator for Crypto: Report Cryptonews 23 hours ago
Donald Trump Eyes CFTC as Frontline Regulator for Crypto: Report Explore daily digest
Bitcoin demands $95K reclaim as six-figure BTC price calls return Cointelegraph 13 hours ago
Bitcoin demands $95K reclaim as six-figure BTC price calls return
SEC chair Gensler’s departure sparks hope for compromises in crypto cases, regulation The Block 5 days ago
SEC chair Gensler’s departure sparks hope for compromises in crypto cases, regulation
Visionary or ‘financial comedy’? Market participants weigh MicroStrategy’s stock premium amid bitcoin buying spree The Block 1 day ago
Visionary or ‘financial comedy’? Market participants weigh MicroStrategy’s stock premium amid bitcoin buying spree
XRP Price Prediction: Ripple XRP to Kick-Start Altcoin Season With Charge to $10 by 2025? Cryptonews 5 days ago
XRP Price Prediction: Ripple XRP to Kick-Start Altcoin Season With Charge to $10 by 2025?
The Daily: Solana hits new all-time high, XRP surges after Gensler announces SEC departure and more The Block 5 days ago
The Daily: Solana hits new all-time high, XRP surges after Gensler announces SEC departure and more Explore weekly digest