BitClout Founder Cleared in Multi-Million Crypto Fraud Scheme as DOJ and SEC Drop Charges

2025-03-19 03:59:07

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U.S. authorities have decided to drop charges against Nader Al-Naji, the founder of the decentralized social network BitClout, following legal battles concerning fraud and the sale of unregistered securities. As reported by Law360, court documents reveal that on February 28, U.S. Magistrate Judge Henry J. Ricardo granted the request from federal prosecutors in New York to dismiss the complaint without prejudice, marking a big turn in the case.

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