March 13, 2026
The U.S. Securities and Exchange Commission has said it is walking away from its case against the founder of cryptocurrency project BitClout that accused the founder of lying to investors about a $257 million unregistered securities sale and spending millions of proceeds for his own benefit.
March 17, 2025
Federal prosecutors have dropped their fraud case against the founder of crypto project BitClout accused of ripping off a venture capital firm, while the U.S. Securities and Exchange Commission is engaged in talks about a possible end to its own civil action against him, court documents show.
July 30, 2024
Federal prosecutors and the U.S. Securities and Exchange Commission announced parallel actions Tuesday against the founder of crypto project BitClout for allegedly duping investors and spending millions of proceeds for his own benefit.