Bitcoin and Crypto to Gain as Falling Rates Expand Global Liquidity, Says 21shares VP
SEC Charges Bitclout Founder With Multi-Million-Dollar Crypto Fraud
![SEC Charges Bitclout Founder With Multi-Million-Dollar Crypto Fraud](https://i0.wp.com/4second.com/wp-content/uploads/2024/07/coinbase-sues-sec-768x432-E6eryt.jpeg?resize=768%2C432&ssl=1)
The U.S. Securities and Exchange Commission (SEC) has charged Nader Al-Naji, founder of Bitclout (now Decentralized Social), with running a multi-million-dollar fraudulent crypto scheme. Al-Naji allegedly raised over $257 million through unregistered sales of Bitclout tokens (BTCLT) and used the funds for personal expenses. He attempted to evade regulatory scrutiny by portraying Bitclout as decentralized […]