SEC Charges BitClout Founder Nader Al-Naji with $257M Securities Fraud

SEC Charges BitClout Founder Nader Al-Naji with Fraud

SEC and DOJ Charge BitClout Founder Nader Al-Naji with Fraud

SEC and DOJ Charge BitClout Founder Nader Al-Naji with Misuse of $250M in Investor Funds

SEC Charges BitClout Founder Nader Al-Naji with Misusing Investor Funds

The SEC sues BitClout founder Nader Al-Naji, accusing him of multi-million dollar crypto fraud.

SEC Charges BitClout Founder Nader Al-Naji with Fraud and Unregistered Securities

SEC Charges BitClout Founder Nader Al-Naji with Fraud and Misuse of Funds

SEC Charges BitClout Founder Nader Al-Naji with Wire Fraud and Securities Violations

SoSo Daily Mar 19 | BTC spot ETF total net inflow was $209.12M yesterday, with the net asset ratio reaching 5.65%.

SoSo Daily Mar 19 | EOS has been renamed Vaulta, focusing on Web3 banking services.

According to Decrypt, the U.S. Department of Justice has dropped charges against Nader Al-Naji, the founder of the decentralized social network BitClout. Last year, the DOJ accused Al-Naji of defrauding investors of $3 million through his crypto project and misappropriating funds for a lavish personal lifestyle. Al-Naji, a former Google engineer, created the BitClout platform, which tokenized Twitter personalities and attracted prominent investors such as a16z and Coinbase Ventures. https://t.co/mhr64toddz

Your Monday crypto industry catch-up is here! 📰Crypto & Blockchain Update: July 29 - Aug 4📈Market Highlights- Biggest 3-day sell-off over a year, with BTC down 28% and ETH 35% in the last 7 days- Bitcoin drops below $50,000 this morning, Ether under $2,200 amid growing macro uncertainty- Solana dipped 28% and Dogecoin 23% over last 7 days- Crypto Fear and Greed Index has fallen down to “Fear” with a score of 26%- Last week, 3 biggest altcoin gainers were AAVE (14%), BCH (4%) and KAS (2.5%) while 3 biggest altcoins to drop were WIF (35%), RENDER (27%), and TAO (25%)- Circle’s USDC saw an increase of 48% in trading volume in July, related to compliance with new European MiCA regulations🛜Blockchain Tech & Gaming- Galaxy Research report warns that Bitcoin layer-2 scaling networks may not be sustainable in the long run as payment methods- Lido Finance launches institutional-grade liquidity staking solution named Lido Institutional for large customers- Gaming blockchain Ronin records 2 million daily active users, surpassing Tron and Solana- Atari to bring retro games on-choin with layer-2 network Base- NFTs saw lowest monthly volume of 2024 in July- Notcoin launches a story-driven game based on Lost Dogs NFT collection- Hamster Kombat token launch delayed, also Catizen airdrop postponed📃Regulatory Updates- SEC charges BitClout founder Nader Al-Naji with fraud- Judge grants ex-FTX executive Ryan Salame’s request to delay reporting to prison- ByBit exchange halts operations in France due to regulatory developments by AMF- Artists sue SEC for confusing security status of NFTs- US Senate moves Lummis’ Bitcoin Reserve Bill to banking committee for review💰Investments & Partnerships- Web3 startups raised over $1B from venture capitalists among 118 deals in July- Pichi Finance raises $2.5M in seed funding for points trading led by Signum Capital- Sybill receives $11M in Series A funding for AI-sales assistant - AI cloud provider Hyperbolic secures $7M seed funding to support development and hiring- Blockchain climate tech company Raad Labs closes $2.25M funding round led by CoinFund- Arbitrum-based web3 betting market DuelNow receives $11M in funding as betting activity surges🛡️Cybersecurity- Centralized Finance (CeFi) entities account for over 70% of hacked funds incidents, according to CEO of Cyvers- Over 2,000 Australian-owned wallets have been hacked AFP (Australian Federal Police) finds, part of larger effort called Operation Spincaster🗞️Miscellaneous- Tether reports record-breaking $5.2B profit in H1 of 2024- Worldcoin introduces digital ID verification in Vienna, Austria; while company has received scepticism in Spain and Hong Kong- Jump Crypto unstakes $315M worth of ETH, moving to different exchanges; they have also transferred USDC, USDT, UNI, and SHIB to exchanges- XRP Ledger on-chain transactions drop 65.6% in Q2 2024 across most major protocols- Polymarket reaches $1B in betting volume amidst the upcoming US presidential elections- AI sector had a disappointing Q2, with OpenAI reportedly facing operating losses- DraftKings sports betting platform stops NFT business due to “legal developments”- Bitcoin miner CleanSpark’s expansion continues with a new facility in Wyoming**#CryptoNews #cryptomarket #MarketUpdates

Crypto Weekly: Charges Against BitClout Founder, Compound's Governance Issue, and Bitcoin's $2B Move

BitClout Founder Charged in $257 Million Fraud Scheme by SEC and DOJ

SoSo Daily Jul 31

SoSo Daily Jul 31

GAINS News — July 30REGULATION 🇷🇺Russia to legalize crypto and blockchain miningLAWSUIT ⚖️@SECGov sues BitClout founder Nader Al-Naji with fraudANNIVERSARY 🎉@ethereum turns 9 with a $400B market cap and 2.45B transactionsLAWSUIT ⚖️SEC withdraws claims that ADA, MATIC, and SOL are securities in its @binance lawsuitEXCHANGE 📈@Bybit_Official introduces digital rupee payments for Indian users

BitClout founder, facing fraud charges, appeared in court on Monday and was granted bail.

The U.S. SEC accused Nader Al-Naji, founder of the decentralized social network BitClout, of fraud and issuing unregistered securities. Al-Naji raised more than $257 million and used more than $7 million of investor funds for personal expenses, such as paying for luxury home rent and buying gifts.

SEC accuses BitClout founder of fraud and issuing unregistered crypto asset securities

SEC accuses BitClout founder of fraud and issuing unregistered crypto asset securities

SEC Charges BitClout Founder with Fraud in $257 Million Crypto Scheme

SEC Accuses BitClout Founder of $7 Million Fraud

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