The US authorities have withdrawn charges against the founder of the decentralized social network BitClout

According to Decrypt, court documents show that U.S. authorities have dropped charges against the founder of the decentralized social network BitClout. Last year, the federal government accused Nader Al-Naji of wire fraud, alleging he scammed investors out of $3 million through his crypto project. The U.S. Department of Justice at the time accused Nader of "obtaining millions of dollars through lies and then giving this money to family and friends," and using investor cash for a luxurious lifestyle.