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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities
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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Countdown to Chaos: Ethereum Insider To Expose ETH Founders’ Fraud In Weeks

Scott Matherson
Scott Matherson
1 year ago
4 mins read
Ethereum Insider ETH Founders

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Ethereum insider, Steven Nerayoff has vowed to expose alleged fraud schemes which he claims are operating within the Ethereum network. As a result, the crypto community is keeping a close watch and Neyaroff has promised to reveal proof of his accusations in the coming weeks. 

Unmasking The “Truth”

Former Ethereum Advisor, Steven Nerayoff has announced his intentions to unveil evidence regarding the recent allegations he made against Ethereum Founders, Vitalik Buterin and Joseph Lubin in a few weeks.

Nerayoff stated that his legal team is working towards ensuring all information regarding the fraud claims is published properly. He said that he had developed a platform that would allow him to release all evidence without being censored. 

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“We are making a lot of progress. Information should start flowing within weeks not months. My intent is to make everything I can public. Each can decide for themself. I created another platform that can’t be censored so I’ll publish here and there,” Nerayoff stated. 

Nerayoff first hinted at possible fraudulent activities at Ethereum in an X (formerly Twitter) post following news of FTX founder, Sam Bankman-Fried being convicted of fraud and conspiracy. 

He alleged that the founders of the blockchain network have been directly involved with corrupt United States government officials and has vowed to expose the individuals involved, providing proof of his accusations to the public through legal and social channels.

“I believe these corrupt government officials will be unmasked and what we all know the public will learn,” Nerayoff stated.

While many individuals in the crypto community are looking forward to the evidence Nerayoff has announced will be disclosed in a few weeks, many community members remain skeptical, wondering if the former Ethereum Advisor has been acting out of spite or looking to gain online popularity through his claims. 

One crypto user had asked if Nerayoff’s case existed and why he had not filed it yet. Nerayoff’s Attorney, Michael Scotto responded “Yes, Steven Nerayoff has a case. IT EXISTS. We will be releasing all his filings in the near future. Although I won’t go into details I will say everything he has said is true and he has the receipts to prove it.”

Nerayoff has also called out people who have relayed their doubts about his claims, stating that his court filings are under the control of his legal team and would not be published on X for legal reasons.

“For those saying you haven’t seen anything from me yet you’re either trolling or blind. Plus you didn’t read my court filings. Next court filings are in the hands of my legal team, not X,” Nerayoff stated. 

Ethereum Insider Fearless Stand

In a rather lengthy X post, Nerayoff outlined all his reasons for stating his fraud accusations against Ethereum Founders, Vitalik Buterin and Joseph Lubin. The former Ethereum Advisor stated that he was not making the fraud claims for his own benefit, rather his speaking out had a counterproductive result by making him a target and potentially endangering him. 

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“None of this disclosure in any way benefits me!! It only makes me a target & hated by a lot of people (until they realize I was trying to save them). But I don’t even care about being a target, I’m numb & determined nothing will stop me,” Nerayoff stated. 

Nerayoff has disclosed that he would continue his pursuit to expose Ethereum and its founders, and he would not be deterred until he accomplishes his goal and justice is achieved. 

Ethereum price chart from Tradingview.com (Ethereum Insider ETH Founders)

ETH price breaks above $2,000 | Source: ETHUSD on Tradingview.com
Featured image from Blokt, chart from Tradingview.com
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Scott Matherson
Scott Matherson

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.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

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Created by industry experts and meticulously reviewed
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