BitClout Founder Charged With Wire Fraud, Civil Securities Charge

BitClout Founder Charged With Wire Fraud, Civil Securities Charge

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Source: Coindesk.com

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.

According to court documents, Nader Al-Naji – known pseudonymously as “Diamondhands” – raised approximately $257 million from the sale of BitClout’s native token, BTCLT. Al-Naji led investors to believe that

Read More https://www.coindesk.com/policy/2024/07/30/bitclout-founder-charged-with-wire-fraud-civil-securities-charge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "BitClout Founder Charged With Wire Fraud, Civil Securities Charge" appeared first here Coindesk.com.

Source: Coindesk.com

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