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Nader Al-Naji

Crypto

Nader Al-Naji, with the LinkedIn username nader-al-naji-86b14a3a, is a prominent figure in the tech and cryptocurrency industries. He is best known as the founder of DeSo Blockchain and previously founded Basis, a cryptocurrency startup. Here's a brief overview of his background and career:

Education and Early Career

  • Princeton University: Al-Naji graduated with honors in computer science, having mined about 23 bitcoins using free campus electricity.2
  • Early Career: He worked as a software engineer at Google and as a quantitative software engineer at The D. E. Shaw Group.1

Entrepreneurial Ventures

  • Basis: Founded in 2017, Basis aimed to create a stable cryptocurrency. Al-Naji raised significant funding from investors like Andreessen Horowitz and Bain Capital Ventures.4
  • DeSo Blockchain: Al-Naji is the founder of DeSo, which focuses on decentralized social media platforms. DeSo is associated with BitClout, a crypto social network launched in 2021.3

Legal Issues

  • Al-Naji has faced legal challenges, including charges of wire fraud and selling unregistered crypto asset securities related to BitClout. He allegedly raised over $257 million while misrepresenting the project's structure and using funds for personal expenses.35

Current Status

  • As of recent reports, Al-Naji is dealing with legal proceedings related to his crypto ventures. His involvement with Hampton is not detailed in the available information, but he is associated with DeSo Blockchain and has been involved in various cryptocurrency projects throughout his career.13

Highlights

Apr 20 · twitter

How to beat the DOJ and SEC: A story that involves getting raided by the FBI, arrested, and getting recruited by multiple prison gangs before eventually having all charges dismissed with prejudice.

Big thanks to @laurashin from Unchained for helping me tell this story. https://t.co/wracevLyCV

How to beat the DOJ and SEC: A story that involves getting raided by the FBI, arrested, and getting
Feb 10 · twitter

This is the strongest edging I've seen in a long time.

Sep 27 · chaincatcher.com
Who is the founder of Basis that tricked a16z twice? - ChainCatcher
Nader Al-Naji '14 charged with fraud over crypto startup, BitClout
Jul 30 · sec.gov
[PDF] Nader Al-Naji - SEC.gov
Jul 30 · sec.gov
SEC Charges Nader Al-Naji with Fraud and Unregistered Offering of ...
Nov 22 · Reuters
Princeton graduates' crypto-currency wins backing of big U.S. ... - Reuters
Princeton graduates' crypto-currency wins backing of big U.S. ... - Reuters
Nov 21 · TechCrunch
Yup hacks together a cross-posting app for X, Threads, Bluesky and others - TechCrunch
Yup hacks together a cross-posting app for X, Threads, Bluesky and others - TechCrunch

Related Questions

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Nader Al-Naji
Nader Al-Naji, photo 1
Nader Al-Naji, photo 2
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Location

Austin, Texas, United States