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, according to a report from Bitcoinist.
## Ethereum Founders’ Fraudulent Acts To Be In Lawsuit
Following a post by a user Heidi from Crytotips on Twitter, the crypto enthusiast underscored the lack of authenticity from Nerayoff’s claims and 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,” as per the report from Bitcoinist.
Additionally, 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.
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.
“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,” as stated in the report from Bitcoinist.
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.
(Source: [Bitcoinist](https://bitcoinist.com/ethereum-insider-founders-fraud/))
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About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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