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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 as decentralized … Read more
Jack Dorsey backed and funded Bluesky when he was Twitter’s CEO; now, he’s left the board of the social network, and it’s searching for a replacement. Go to Source
The exploiter of the Web3 social media platform agreed to keep a 10% bounty in exchange for returning the remainder of the stolen funds. Go to Source
Buyers, sellers, inflows and transactions have all taken significant dives on the Friend.tech platform after its launch just over two weeks ago, prompting some critics to herald its death. Go to Source
Developers pointed out the “monopolization of content and data” in centralized social media platforms as a need to create a decentralized alternative. Go to Source Powered by WPeMatico
The internet entrepreneur and former CEO of Twitter, Jack Dorsey, claims if developers are building on Ethereum they have “at least one, if not many, single points of failure.” The statement was in response to Vitalik Buterin’s commentary concerning Elon Musk running Twitter. Former Twitter CEO Criticizes Projects Building on Ethereum Jack Dorsey doesn’t seem … Read more
