SEC sues BitClout founder Al-Naji, reveals he’s been feeding investors with lies

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 million from unregistered offers and sales of BitClout

Source: Cryptopolitan