An ethereum expert has made accusations against the founders of ethereum, claiming that their fraudulent activities far exceed those seen in the notorious FTX fraud case.
ethereum‘s credibility in the spotlight
Lawyer and former advisor to ethSteven Nerayoff recently published a shocking article about ethereum in a x (formerly Twitter) post on Thursday.
The lawyer who has personal knowledge of eth and has previously worked for the blockchain network, has come forward with explosive allegations about the actions of ethereum‘s founders. ethereum/ethereum-challenges-vitalik-buterin/” rel=”nofollow noopener” target=”_blank”>Vitalik Buterinand José Lubin.
According to Nerayoff, these two ethereum founders have allegedly orchestrated fraudulent activities regarding the eth blockchain that exceed the scale of the actions committed by former FTX CEO and founder Sam Bankman-Fried.
“ethereum is the fraudulent elephant in the room on its face, 1,000 times bigger than SBF,” Nerayoff said.
The FTX case, which has been in the headlines for about a year, was one of the major crypto fraud cases that resulted in financial losses for many investors. About $8 billion in customers Embezzled funds found in FTX accounts and millions were transferred to a subsidiary company, Alameda Research, owned by Bankman-Fried.
The founder of FTX was recently found guilty of all seven counts of fraud and conspiracy on Thursday. Bankman-Fried could also serve a sentence of more than 100 years in prison, which is the amount the charges lead to.
Nerayoff has not provided any concrete evidence to support his claims against the alleged fraudulent activities of the eth founders. But this is also not the first time that the lawyer has attacked the founders of eth with accusations of corruption.
In early September, former ethereum advisor accused Vitalik Buterin and his father, Dmitry Buterin, of a joint effort to ruin his reputation by accusing him of extortion of a eth ICO.
Insider says eth is linked to corrupt US officials
Following his statement that ethereum was allegedly involved in fraudulent schemes exceeding The Sam Bankman-Fried FTX Fraud CaseSteven Nerayoff revealed that founders Joseph Lubin and Vitalik Buterin have allegedly been in cahoots with corrupt US government officials from some of the highest federal agencies.
The former advisor mentioned prominent government figures who bitcoin/bitcoin-and-ethereum–crypto-rally/” rel=”nofollow noopener” target=”_blank”>ethereum may have had secret dealings with the current chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler and former chairman of the US SEC. Jay Clayton.
“Joe Lubin and Vitalik Buterin have been up front with corrupt officials at the highest levels of federal agencies like Clayton, Gensler and many others,” Nerayoff said.
Nerayoff’s allegations suggest that ethereum‘s corruption runs deep and high, allowing the platform to have an unfair advantage in the crypto space. The yet-to-be-verified claims have raised questions and concerns among many members of the crypto community.
<img decoding="async" class="aligncenter size-medium" src="https://technicalterrence.com/wp-content/uploads/2023/11/Ethereum-Insider-Drops-Bomb-ETH-Founders-Fraud-Is-Bigger-Than" alt="Tradingview.com ethereum Price Chart” width=”2650″ height=”1758″/>
eth bulls maintain control | Source: ETHUSD on Tradingview.com
Featured image from CoinGape, chart from Tradingview.com
