Former Ethereum consultant Steven Nerayoff filed a lawsuit against the US government for approximately $9.6 billion. Nerayoff claims the government made false accusations against him. He also claims that some government agents deliberately fabricated evidence to prosecute him for extortion. Despite playing a key role in setting the pace in Ethereum’s early days, Nerayoff has faced a steady stream of court cases from both regulators and Ethereum leadership.
Former Ethereum advisor seeks $9.6 billion in personal damages
Former Ethereum consultant Steven Nerayoff filed a lawsuit against the US government, citing personal damages. According to Fox journalist Eleanor Terrett, Nerayoff claims the government made false accusations against him. That’s why he’s asking the government for about $9.6 billion in compensation.
Steven Nerayoff and his legal team say Nerayoff was subjected to mistreatment by federal investigators between 2019 and 2023. It also alleges that false accusations were made against Steven Nerayoff. In this regard, he is seeking personal damages of $9.6 billion against the US government. According to the SF-95 file, Nerayoff also states that some government agents deliberately fabricated evidence to prosecute him for extortion, even though they knew the charges against him were false.
Steven Nerayoff’s Struggle with the Government
Eleanor Terrett also emphasizes that although Steven Nerayoff’s federal charge was dismissed with “prejudice,” his legal team felt enough damage had been done to his initiatives and reputation to pursue the claim. This makes the former Ethereum advisor’s case against the government strong enough.
Steven Nerayoff played a key role in accelerating Ethereum in its early days. Despite this, Nerayoff has repeatedly been in court with both regulators and Ethereum leadership. Some of these infamous fights were against prominent figures like U.S. Securities and Exchange Commission (SEC) members Jay Clayton and Gary Gensler and Ethereum co-founder Vitalik Buterin.
It includes accusations against Ethereum personalities.
cryptokoin.comAs you follow from , Steven Nerayoff previously claimed that he was the target of a character assassination attempt planned and organized by Ethereum founder Vitalik Buterin and his father Dmitry Buterin. Yet he was eventually cleared of all racketeering charges. Nerayoff also claimed that regulators gave special treatment to Ethereum. Just for this reason, it created a serious excitement in the industry. Moreover, he named this phenomenon “ETHGate”. The crypto community is eagerly awaiting the outcome of this lawsuit.
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