Steven Nerayoff, one of many earliest advisors for Ethereum, has reacted to a social media put up accusing him of fraud and exploitation. The defamatory accusation was posted by a consumer who goes by the title Cryptoking on social media platform X in July as a part of a narrative on his failed crypto challenge. Nevertheless, Nerayoff has reiterated his place on the accusation, calling it “very libelous” and completely fabricated.
Origin Of The Defamatory Social Media Put up
The put up by Jake Greenbaum, also called Cryptoking, was just lately unearthed after nearly 4 months as a response to a dialogue on one other thread. One other account, @Whalechart, posted on social media platform X about Nerayoff’s plans to share proof of Ethereum founders’ fraud actions within the early days of Ethereum. Nevertheless, Cryptoking refuted Nerayoff’s legitimacy, calling him the largest fraud he’s ever labored with.
“He took $250,000 from me to “checklist” a challenge on Bittrex. I’ve txt messages going again to 2017 concerning this,” Cryptoking mentioned.
Nerayoff appeared to not have taken this newest accusation flippantly. In his response on the identical thread, the lawyer known as Cryptoking a shill being paid to shame his title. He additionally went additional by threatening to sue Cryptoking and expose all his fraudulent actions with sufficient proof.
“You assume you’ve proof wait till you see mine. I don’t simply play on Twitter I like courts,” Nerayoff replied.
Nerayoff would then go forward to share the unique put up on his personal timeline. Within the put up, Cryptoking detailed how his first crypto challenge misplaced $1 million in capital. Based on him, he wished to start out a really nameless cryptocurrency and paid Steven Nerayoff $250,000 in session charges for an inventory on the crypto trade Bittrex, amongst many different issues that led to the challenge failing.
Cryptoking claims that he would later get to know that Nerayoff was making the most of new tasks with the intention to obtain itemizing charges, whereas solely fulfilling a small portion of them. In consequence, he was arrested and jailed, in reference to the legal extortion prices in opposition to the lawyer.
It’s vital to notice these extortion prices have been dismissed by a US Choose as federal prosecutors have been unable to show the costs past an inexpensive doubt. Nerayoff has additionally all the time taken the stance that the costs have been fabricated by the SEC, FBI, and the DOJ in an effort to discredit him.
Ethereum Whistleblower Plans to Pursue Authorized Motion
In response, Nerayoff plans to pursue authorized motion in opposition to Cryptoking for spreading misinformation. The lawyer additionally wrote a be aware of warning to anybody who’s planning on spreading lies about him.
I discovered the preliminary hit piece that was actually fabricated. As you’ll be able to see it’s very libelous & he wrote it pondering I used to be in jail lol. That is only a warning to others who wish to receives a commission to lie about me I’ll expose & sue. Here’s what he posted. See you in courtroom. 👨⚖️ https://t.co/eaB51FpbSr
— Steven Nerayoff (@StevenNerayoff) November 19, 2023
Nerayoff stays targeted on the creation of what he termed Crypto 2.0, a reboot of the whole crypto business.
Crypto 2.0 – The Reboot
Crypto Promise: Huge wealth “creation” for the lots the place the Institution can not management lots.
Crypto Actuality: Huge wealth “switch” from the lots the place the Institution makes use of it to manage lots.
Crypto Resolution: It’s corroded at its…
— Steven Nerayoff (@StevenNerayoff) November 18, 2023
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