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A courtroom scene with a judge's gavel, cryptocurrency symbols (like Bitcoin and Ethereum), and an image of Nader Al-Naji. The background should include elements of luxury items and charts representing the crypto market.

SEC: BitClout Founder Sold $257M in Unregistered Securities

This case is part of the SEC's broader effort to regulate the crypto industry

The SEC has charged Nader Al-Naji, Founder of BitClout, with selling $257 million in unregistered securities. Al-Naji is accused of defrauding investors and misusing funds for personal expenses.

July 31, 2024 08:06 AM

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