Dan Bilzerian, known as the "King of Instagram," was released from custody on Wednesday after his arrest at Los Angeles International Airport on Tuesday.
The L.A. Times reported that Bilzerian was wanted on a felony no-bail warrant in Nevada. He will be arraigned in Clark County, Nevada, in January on charges of possessing explosives on public land.
Read MoreInsider trading convictions overturned
Bilzerian, a trust fund beneficiary and poker player, became a social media sensation in 2013 for posting pictures of his lavish lifestyle on Instagram. He has 5.7 million followers on Instagram.
Despite rumors to the contrary, the arrest was not connected to a supposed incident at a Miami Beach club in which the 34-year-old allegedly kicked model Vanessa Castano.
In May, Bilzerian was accused of throwing model Janice Griffith off a roof toward a swimming pool at his Vegas home. Griffith demanded $85,000. Her story was denied by Bilzerian's lawyer.