BitClout Founder Dodges Fraud Charge as Justice Department Scraps Case

Quick Summary:

The Department of Justice has dropped its case against the founder of crypto social network BitClout, following the SEC's earlier move.

The idea with the project was that users could build a following and earn money from their profiles.

Ricardo approved a request from New York federal prosecutors to withdraw the complaint without prejudice against Al-Naji.

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Article Details

Author / Journalist: Mathew Di Salvo

Category: Crypto

Markets: Estonia

Topics: Nader Al-Naji SEC Law and Order Social media Department of justice United States Bitclout Doj

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 18:29:01 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 319 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Decrypt

News ID: 27155956

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 6 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 10 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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