The SEC charges BitClout founder Nader Al-Naji for raising $257M+ from unregistered offers and sales of BTCLT and lying to investors about taking from proceeds
Decrypt Mat Di Salvo
Related Coverage
- SEC Charges Nader Al-Naji with Fraud and Unregistered Offering of Crypto Asset Securities US Securities and Exchange Commission
- California entrepreneur behind ‘BitClout’ arrested, accused of diverting investor funds to himself Associated Press
- SEC charges BitClout founder Nader Al-Naji with fraud; says proceeds paid for L.A. mansion, gifts TechCrunch
- Where Did $257 Million Go? BitClout Founder Faces Fraud Charges from SEC and DOJ Blockonomi
- BitClout Founder Faces SEC Fraud Charges Following $257 Million Investor Losses Bitcoin Insider
- BitClout Founder Charged with Multi-Million Dollar Crypto Fraud Crypto Adventure
- SEC Charges BitClout Founder with Fraud and Misuse of Funds The Crypto Times
- SEC charges BitClout/Decentralized Social founder with civil securities, wire fraud CryptoSlate
- SEC Charges BitClout founder Nader Al-Naji with fraud Cointelegraph
- SEC sues BitClout founder Al-Naji, reveals he's been feeding investors with lies Cryptopolitan
Discussion
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@prestonjbyrne
Preston Byrne
on x
Seeing as Nader Al-Naji of Bitclout got hit with an indictment today, it seems worth mentioning that I've been trying to warn people about him for years, starting with his Basis Ponzi scheme in 2017 (which scored investments from Lightspeed and Bain) https://prestonbyrne.com/...
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@valuemancer
@valuemancer
on x
I've also been warning people about Nader for a long time, but not as early as Basis. But for those who got up to speed on Nader, and Basis - who do their research instead of dismissing those who do, while pretending they have - this is completely unsurprising Great day 🔥 $DESO […
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@phin_totten
@phin_totten
on x
Proof of how slow the government really moves with crypto This was in the first book and we're at the spinoff TV shows
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@secgov
@secgov
on x
Today we charged Nader Al-Naji with perpetrating a multi-million-dollar fraudulent crypto asset scheme involving a social media platform called BitClout and its native token of the same name.
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@margauxmaccoll
Margaux MacColl
on x
I got some juicy details about Nader Al-Naji, the founder of BitClout, who the SEC charged with fraud today. Since 2021, he's boasted about the array of top tier investors that backed the company, like a16z, Sequoia, Winklevoss Capital and Social Capital.
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@robertfreundlaw
Rob Freund
on x
Almost forgot about what an absolute joke BitClout was. Turns out it wasn't really a joke at all, but a massive fraud.
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@upper20sstcap
@upper20sstcap
on x
When I was an intern the hedge fund I worked for said we'll pay you weekly for as many weeks as you want. So I worked up until the Friday before classes and my NYU dorm expired so I stayed on the couch of a friend of a friend named... Nader Al-Naji. https://cointelegraph.com/...
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@jeffjohnroberts
Jeff Roberts
on x
BitClout guy Nader “Diamondhands” Al-Naji charged by DOJ and SEC This is the scumbag who scraped everyone's Twitter profile to create a crypto social network and steal Bitcoin And don't forgot a16z et al gave him $200M https://www.sec.gov/...