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SEC Charges Bitclout Founder With Multi-Million-Dollar Crypto Fraud

2024-07-31 by admin Leave a Comment

SEC Charges Bitclout Founder in Multi-Million-Dollar Crypto Fraud

The U.S. Securities and Exchange Commission (SEC) has charged Nader Al-Naji, founder of Bitclout (now Decentralized Social), with running a multi-million-dollar fraudulent crypto scheme. Al-Naji allegedly raised over $ 257 million through unregistered sales of Bitclout tokens (BTCLT) and used the funds for personal expenses. He attempted to evade regulatory scrutiny by portraying Bitclout …

Grimace Community Triumphs: MEXC’s Multimillion-Dollar Capitulation

2023-12-22 by admin Leave a Comment

PRESS RELEASE. On December 19, Grimace’s creator staged a New Year’s miracle live, gifting his followers millions of dollars. The MEXC exchange funded this entire giveaway, as they went against Grimace’s user base and listed the token on their futures market without approval. The Start of It All: The Complete Story of the Dispute In […]