BitClout Founder Faces SEC Fraud Charges Following $257 Million Investor Losses

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” involving the BitClout platform and its native token, BTCLT. Allegations Against BitClout Founder

Source: Bitcoinist