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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
Highlights
Feb 10 · twitter
This is the strongest edging I've seen in a long time.
Feb 9 · twitter
👀👀👀
Sep 27 · chaincatcher.com
Who is the founder of Basis that tricked a16z twice? - ChainCatcher
Aug 5 · dailyprincetonian.com
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 21 · TechCrunch
Yup hacks together a cross-posting app for X, Threads, Bluesky and others - TechCrunch
