Ethereum Whistleblower Reveals When Proof Of ETH Founders’ Fraud Will Be Released

Scott Matherson

Last Updated: June 11, 2024 8:15 am

3 mins read

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Amid the ongoing Ethereum scandal, former Ethereum advisor and attorney Steven Nerayoff has recently revealed how he plans on sharing proof of Ethereum founders’ fraud activities in the early days of the cryptocurrency asset.

Ethereum Founders’ Fraudulent Acts To Be In Lawsuit

Following an X (formerly Twitter) post by a user Heidi from Crytotips, the crypto enthusiast was seen trying to underscore the lack of authenticity from Nerayoff’s claims. According to her, his accusations were a no-brainer due to the disclosure lacking proof of his accusations.

However, Nerayoff in response to the video, asserted that he never claimed his accusations were going to be in the disclosure highlighting the crypto enthusiast’s lack of proper research. He further added that he is going to reveal the fraudulent acts of the founders in his lawsuit.

Nerayoff had always noted that his recording was not actually linked to his accusations but rather his involvement with Vitalik Buterin. “The recording isn’t directly related to the fraud but will illuminate a lot of what was happening & show my involvement. The fraud will be in the lawsuit,” Nerayoff stated.

Furthermore, the crypto expert also pointed out Nerayoff’s accusations towards federal agencies. According to her, the former advisor was a little paranoid with his accusations.

During an X space, Nerayoff accused some high federal agencies of fabricating evidence against him in order to take him out. These include the SEC, FBI, and the DOJ.

Total crypto market cap currently at $1.3 trillion. Chart: TradingView.com

Nonetheless, in response to that, Nerayoff has asserted that this was actually proven and publicly filed. “The paranoia about the agencies? Well, that’s actually proven & publicly filed,” Nerayoff stated.

Crypto Asset Is Not Decentralized From The Onset

It appears Nerayoff’s claims about ETH not being decentralized from the early days are authentic.

The post also saw the crypto enthusiast pointing out Nerayoff’s claims of ETH not being decentralized from the beginning. According to her, cryptocurrencies are not expected to be decentralized from the start and only the core team members know about a crypto asset from the start.

If the expert is right then this basically means Will Hinman’s speech in 2017, about the asset being decentralized from the start was inaccurate.

During the early days of the asset, Hinman asserted the decentralized nature of ETH, when it was considered as a security by the SEC. According to him, ETH was too decentralized to be considered a security.

So far, both founders still have not responded to Nerayoff’s accusations. Nerayoff believes that their silence is due to the evidence he has against them.

“Vitalik & Lubin are vicious if they have leverage. Lubin said to me in July 2018 about a network “It’s a centralized piece of sh*t” right after the Hinman speech! They stay silent because I’ll drop more receipts,” Nerayoff stated.

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Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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