{"id":561325,"date":"2023-11-18T15:40:55","date_gmt":"2023-11-18T15:40:55","guid":{"rendered":"https:\/\/wncen.com\/?p=561325"},"modified":"2024-06-11T08:15:27","modified_gmt":"2024-06-11T08:15:27","slug":"ethereum-insider-eth-founders-fraud","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-insider-eth-founders-fraud\/","title":{"rendered":"Ethereum Whistleblower Reveals When Proof Of ETH Founders\u2019 Fraud Will Be Released"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Amid the ongoing Ethereum scandal, <\/span><a href=\"https:\/\/bitcoinist.com\/ethereum-insider-founders-fraud\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">former Ethereum advisor and attorney Steven Nerayoff<\/span><\/a><span style=\"font-weight: 400\"> has recently revealed how he plans on sharing proof of Ethereum founders&#8217; fraud activities in the early days of the cryptocurrency asset.<\/span><\/p>\n<h2><strong>Ethereum Founders&#8217; Fraudulent Acts To Be In Lawsuit<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Following an X (formerly Twitter) <\/span><a href=\"https:\/\/twitter.com\/stevennerayoff\/status\/18266697?s=46&amp;t=ONRd4hm_o6277hy9Day5ww\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> by a user Heidi from Crytotips, the crypto enthusiast was seen trying to underscore the lack of authenticity from Nerayoff&#8217;s claims. According to her, his accusations were a no-brainer due to the disclosure lacking proof of his accusations.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/options-frenzy-bitcoin-rally-to-37000-sparks-explosive-open-interest-surge\/\" target=\"_blank\" rel=\"noopener \">Options Frenzy: Bitcoin Rally To $37,000 Sparks Explosive Open Interest Surge<\/a><\/div>\n<p><span style=\"font-weight: 400\">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&#8217;s lack of proper research. He further added that he is going to reveal the fraudulent acts of the founders in his lawsuit.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Nerayoff had always noted that his <\/span><a href=\"https:\/\/bitcoinist.com\/ethereum-insider-3-hour-recording\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">recording<\/span><\/a><span style=\"font-weight: 400\"> was not actually linked to his accusations but rather his involvement with Vitalik Buterin. \u201cThe recording isn\u2019t directly related to the fraud but will illuminate a lot of what was happening &amp; show my involvement. The fraud will be in the lawsuit,\u201d Nerayoff stated.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, the crypto expert also pointed out Nerayoff&#8217;s accusations towards federal agencies. According to her, the former advisor was a little paranoid with his accusations.<\/span><\/p>\n<p><span style=\"font-weight: 400\">During an X <\/span><a href=\"https:\/\/twitter.com\/StevenNerayoff\/status\/57125187?s=20\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">space<\/span><\/a><span style=\"font-weight: 400\">, Nerayoff accused some high federal agencies of fabricating evidence against him in order to<\/span><a href=\"https:\/\/bitcoinist.com\/ethereum-insider-eth-founders-fraud\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\"> take him out<\/span><\/a><span style=\"font-weight: 400\">. These include the SEC, FBI, and the DOJ.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/ZB6WEuDN\/\" width=\"1835\" height=\"893\"><\/p>\n<pre style=\"text-align: center\">Total crypto market cap currently at $1.3 trillion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">Nonetheless, in response to that, Nerayoff has asserted that this was actually proven and publicly filed. &#8220;The paranoia about the agencies? Well, that\u2019s actually proven &amp; publicly filed,&#8221; Nerayoff stated.<\/span><\/p>\n<h2><strong>Crypto Asset Is Not Decentralized From The Onset<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">It appears Nerayoff&#8217;s claims about <\/span><a href=\"https:\/\/wncen.com\/press-releases\/ethereum-forecasted-to-reach-5-8k-by-2025-inqubetas-bullish-forecast-explained\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">ETH<\/span><\/a><span style=\"font-weight: 400\"> not being decentralized from the early days are authentic.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The post also saw the crypto enthusiast pointing out Nerayoff&#8217;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.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If the expert is right then this basically means Will Hinman&#8217;s speech in 2017, about the asset being decentralized from the start was inaccurate.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">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.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/all\/fidelity-joins-race-for-ethereum-etf\/\" target=\"_blank\" rel=\"noopener \">Crypto Acceptance Grows As Fidelity Joins Race For A Spot Ethereum ETF<\/a><\/div>\n<p><span style=\"font-weight: 400\">So far, both founders still have not responded to Nerayoff&#8217;s accusations. Nerayoff believes that their silence is due to the evidence he has against them.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cVitalik &amp; Lubin are vicious if they have leverage. Lubin said to me in July 2018 about a network \u201cIt\u2019s a centralized piece of sh*t\u201d right after the Hinman speech! They stay silent because I\u2019ll drop more receipts,\u201d Nerayoff<\/span><a href=\"https:\/\/twitter.com\/stevennerayoff\/status\/44942434?s=46\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\"> stated<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><em>Featured image from Pixabay<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid the ongoing Ethereum scandal, former Ethereum advisor and attorney Steven Nerayoff has recently revealed how he plans on sharing proof of Ethereum founders&#8217; fraud activities in the early days of the cryptocurrency asset. Ethereum Founders&#8217; 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&#8217;s claims. According to her, his accusations were a no-brainer due to the disclosure lacking proof of his accusations. Related Reading: Options Frenzy: Bitcoin Rally To $37,000 Sparks Explosive Open Interest Surge 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&#8217;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. \u201cThe recording isn\u2019t directly related to the fraud but will illuminate a lot of what was happening &amp; show my involvement. The fraud will be in the lawsuit,\u201d Nerayoff stated. Furthermore, the crypto expert also pointed out Nerayoff&#8217;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. &#8220;The paranoia about the agencies? Well, that\u2019s actually proven &amp; publicly filed,&#8221; Nerayoff stated. Crypto Asset Is Not Decentralized From The Onset It appears Nerayoff&#8217;s claims about ETH not being decentralized from the early days are authentic. The post also saw the crypto enthusiast pointing out Nerayoff&#8217;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&#8217;s speech in 2017, about the asset being decentralized from the start was inaccurate.\u00a0 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. Related Reading: Crypto Acceptance Grows As Fidelity Joins Race For A Spot Ethereum ETF So far, both founders still have not responded to Nerayoff&#8217;s accusations. Nerayoff believes that their silence is due to the evidence he has against them. \u201cVitalik &amp; Lubin are vicious if they have leverage. Lubin said to me in July 2018 about a network \u201cIt\u2019s a centralized piece of sh*t\u201d right after the Hinman speech! They stay silent because I\u2019ll drop more receipts,\u201d Nerayoff stated. Featured image from Pixabay<\/p>\n","protected":false},"author":594,"featured_media":561328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[6664,8323,89213,1946,90084,7931,8686,78803,90185],"class_list":["post-561325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-crypto","tag-eth","tag-eth-news","tag-ethereum","tag-ethereum-insider","tag-ethereum-news","tag-ethusd","tag-ethusdt","tag-steven-nerayoff"],"acf":[],"yoast_head":"\n<title>Ethereum Whistleblower To Reveal Proof Of ETH Founders\u2019 Fraud<\/title>\n<meta name=\"description\" content=\"Amid the ongoing Ethereum scandal, former Ethereum advisor Steven Nerayoff has revealed how he plans on sharing proof of ETH founders&#039; fraud.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-insider-eth-founders-fraud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Whistleblower To Reveal Proof Of ETH Founders\u2019 Fraud\" \/>\n<meta property=\"og:description\" content=\"Amid the ongoing Ethereum scandal, former Ethereum advisor Steven Nerayoff has revealed how he plans on sharing proof of ETH founders&#039; 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