SEC drops lawsuit against BitClout’s Nader Al-Naji

2026-3-16 15:05

The regulator ended its civil enforcement case accusing the DeSo creator of wire fraud and selling unregistered crypto securities. origin »

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wire deso accusing creator fraud crypto securities

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SEC charges BitClout/Decentralized Social founder with civil securities, wire fraud

The US Securities and Exchange Commission (SEC) has filed charges against Nader Al-Naji, the founder of the BitClout blockchain protocol, currently known as Decentralized Social (DeSo). Al-Naji is accused of orchestrating a fraudulent scheme involving the unregistered offering and sale of crypto asset securities, amassing over $257 million from investors under false pretenses.

2024-7-31 00:00