According to Decrypt, US authorities have dropped charges against the founder of decentralized social network BitClout, according to court documents. Last year, the federal government filed a telegraphic transfer fraud charge against Nader Al-Naji, accusing him of defrauding investors of $3 million through his crypto project. The Department of Justice at the time accused Nader of "obtaining millions of dollars through lies and then giving the money to family and friends" and using investors' cash for an extravagant lifestyle.