News with the tag "bitclout"

Nader Al-Naji, the founder behind BitClout and Basis, is facing a civil lawsuit from the SEC for allegedly raising over $257 million through an unregistered securities offering. Additionally, he is

Federal securities regulators are suing the founder of the social media project BitClout, now known as Decentralized Social (DeSo). In its complaint, the U.S. Securities and Exchange Commission (SEC) alleges that since November 2020, Nader Al-Naji raised more than $257 million from unregistered offe...

On Tuesday, Nader Al-Naji, the creator of open-source blockchain-based social media platform BitClout, came under fire from both the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) for his involvement in an alleged “multi-million dollar fraudulent crypto scheme” invol...

The 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 fun...

The Securities and Exchange Commission (SEC) has charged Nader Al-Naji with $257 million fraud in connection with BitClout and BTCLT tokens. The complaint revealed that Al-Naji had been telling investors lies all along. In a statement on Tuesday, the SEC disclosed that Al-Naji raised more than $257 ...

The SEC's charges against Al-Naji highlight the increasing regulatory scrutiny and potential legal risks in the crypto industry. The post SEC charges BitClout founder Nader ‘Diamondhands’ Al-Naji with wire fraud, civil securities violations appeared first on Crypto Briefing .

The U.S. Securities and Exchange Commission (SEC) and Department of Justice charged the founder of crypto social media platform BitClout with wire fraud and the sale of unregistered securities.

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