U.S. authorities have dropped the charges against the founder of the decentralized social network BitClout

ChainCatcher news, 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 charged Nader Al-Naji with wire fraud, accusing him of defrauding investors of $3 million through his crypto project. The U.S. Department of Justice at the time alleged that Nader "obtained millions of dollars through lies and then gave that money to family and friends," using investors' cash for a lavish lifestyle.