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The U.S. Department of Justice has dropped charges against Nader Al-Naji, the founder of the decentralized social network BitClout, who was previously accused of defrauding investors of $3 million. The decision follows an earlier move by the Securities and Exchange Commission (SEC) regarding Al-Naji's crypto project. The allegations against him included one count of wire fraud related to the misappropriation of funds. In a separate case, Aleksei Andriunin, founder of Gotbit, has reached a plea agreement with U.S. authorities to forfeit $23 million in cryptocurrency assets as part of a settlement for market manipulation charges. Andriunin originally faced up to 20 years in prison for these charges.
🚨JUST IN: ALEKSEI ANDRIUNIN, FOUNDER OF GOTBIT, WILL FORFEIT $23M IN CRYPTO AS PART OF A PLEA DEAL WITH U.S. AUTHORITIES TO SETTLE MARKET MANIPULATION CHARGES
Gotbit founder Aleksei Andriunin has reached a plea agreement with U.S. authorities to forfeit $23 million in crypto assets in connection with market manipulation charges https://t.co/dedk5raAar https://t.co/CUlra4nUaC
Aleksei Andriunin, the founder of Gotbit, has reached a plea agreement with U.S. authorities, agreeing to forfeit $23 million in cryptocurrency assets in exchange for a settlement on market manipulation charges. Andriunin originally faced up to 20 years in prison on charges
