BitClout Crypto Exchange Founder Sued For Massive Fraud

Quick Summary:

Nader Al-Naji, the founder behind BitClout and Basis, is facing a civil lawsuit from the SEC for allegedly raising over $257 million through an unregistered securities offering.

His wife, mother, and the DeSo Foundation are implicated in the case due to alleged transfers of funds to them.

Additionally, he is charged with wire fraud in New York.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: BitClout Sued Massive Fraud Crypto exchange Latest News Founder Nader Al-Naji News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 18:08:52 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 180 words

Reading Time: 1 minutes read

Sentences: 9 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21888682

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 23 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 14 hours ago

Coverage Areas: India

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