Things have become quiet around Ethereum insider Steven Nerayoff in recent days, in part because his X account has lost a lot of visibility and reach on the social media platform. The former Ethereum consultant previously promised to report fraud and corruption that he claims took place in the early years of Ethereum. And now Nerayoff has spoken out again in a detailed statement job on X.
Nerayoff's new accusations focus largely on what he describes as a secret partnership between government officials and Ethereum co-founders Vitalik Buterin and Joseph Lubin. He claims that this coalition aimed to discredit him because of his privileged knowledge of their activities. “It’s real and it’s not a conspiracy,” he says.
Why the Ripple lawsuit is just part of a “bigger plan”
“The government, along with private actors such as Vitalik and Lubin, discredited me and attempted to imprison me to cover up precisely this problem. My life was destroyed because I knew too much,” says Nerayoff. It suggests a far-reaching conspiracy that goes beyond simple corruption. He describes it as a “broader plan” in which government and private actors allegedly worked together to achieve corrupt gains.
Nerayoff notably presents the lawsuit against Ripple as a strategic element in a larger project. 'The 'DAO Report,'Free admission“, and going after Ripple was part of a much bigger plan,” he claims, implying that the lawsuit was more than just a legal dispute. He says it was a move to establish a controlled, quasi-decentralized protocol serving the interests of certain government and banking entities.
“As for Ripple, the government, banks, ConsenSys and Ethereum all wanted to replace it but couldn't catch them in a fair fight, so they had to write the DAO report, the free pass and the trial. This was much bigger than an Ethereum goal against Ripple,” Nerayoff said.
So what was the biggest project? According to Nerayoff, this plan was not simply an attempt to outmaneuver Ripple in the market; it was a concerted effort to establish a controlled system, apparently decentralized protocol this would ultimately benefit the government and the banks. “Ultimately, the government and banks get a master protocol that they claim to be decentralized, permissionless, and public, but actually had actors like Lubin and Vitalik doing whatever they wanted because it was focused and controlled both effectively and actually.”
Thus, Buterin and Lubin, the co-founders of Ethereum, are directly accused by Nerayoff of betraying the decentralized philosophy of Ethereum. He claims they were key players in the alleged project, with Buterin labeled a “false prophet” and Lubin criticized for his role in what Nerayoff suggests were profit-driven motivations overshadowing true technological progress.
Ethereum: ICO fraud and corruption
Beyond government, Ethereum has served as the basis for “massive fraud committed via Token Foundry,” says Nerayoff. The government has deliberately looked the other way, with corruption apparently a common tool.
“In turn, the government looked the other way while committing massive fraud. At the same time, many of these actors such as Hinman & Clayton became fabulously rich through the corruption they carried out,” Nerayoff continues on his claims.
He further stated that Buterin and Lubin seemed confused and directionless in their thinking. leaked recording. Nerayoff claims that despite his advice, which he claims later proved correct, Buterin focused his efforts in China to obtain funding from the early days, while Lubin allegedly committed to replicating his own ideas. of Nerayoff to produce numerous fraudulent initial coin offerings (ICOs).
And what about Nerayoff's testimony? “My fake SEC led pursuit with the DOJ and FBI mirrored the events of these efforts and by the same people. For what? Because I was the only person who could at least unravel the free pass. Some involved Clayton, Hinman, Marc Berger, Valerie Szczepanik, Jon Daniels, Jon Enright, Marc Bini, Andrey Spektor, S/A Jordan Anderson, S/A Andrew Cropshor,” claims Ethereum whistleblower.
His statements end with a direct challenge: “Look at what I just accused above. If it's not true, surely someone will come after me? They will not do this because for them it would constitute legal destruction. It is a proof.
At press time, Ethereum was trading at $2,091.
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