Steven Nerayoff, one of many earliest advisors for Ethereum, has reacted to a social media publish accusing him of fraud and exploitation. The defamatory accusation was posted by a person who goes by the identify Cryptoking on social media platform X in July as a part of a narrative on his failed crypto mission. Nonetheless, Nerayoff has reiterated his place on the accusation, calling it “very libelous” and fully fabricated.
Origin Of The Defamatory Social Media Submit
The publish by Jake Greenbaum, often known as Cryptoking, was just lately unearthed after virtually 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. Nonetheless, Cryptoking refuted Nerayoff’s legitimacy, calling him the largest fraud he’s ever labored with.
“He took $250,000 from me to “list” a mission on Bittrex. I’ve txt messages going again to 2017 concerning this,” Cryptoking said.
Nerayoff appeared to not have taken this newest accusation flippantly. In his response on the identical thread, the legal professional known as Cryptoking a shill being paid to shame his identify. He additionally went additional by threatening to sue Cryptoking and expose all his fraudulent actions with sufficient proof.
“You think you have evidence wait until you see mine. I don’t just play on Twitter I like courts,” Nerayoff replied.
Nerayoff would then go forward to share the unique publish on his personal timeline. Within the publish, Cryptoking detailed how his first crypto mission misplaced $1 million in capital. Based on him, he needed to start out a really nameless cryptocurrency and paid Steven Nerayoff $250,000 in session charges for an inventory on the crypto alternate Bittrex, amongst many different issues that led to the mission failing.
Cryptoking claims that he would later get to know that Nerayoff was profiting from new initiatives with a purpose to obtain itemizing charges, whereas solely fulfilling a small portion of them. In consequence, he was arrested and jailed, in reference to the prison extortion prices towards the legal professional.
It’s necessary to notice these extortion prices have been dismissed by a US Decide as federal prosecutors had been unable to show the fees past an inexpensive doubt. Nerayoff has additionally at all times taken the stance that the fees had 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 towards Cryptoking for spreading misinformation. The legal professional additionally wrote a observe of warning to anybody who’s planning on spreading lies about him.
I discovered the preliminary hit piece that was actually fabricated. As you possibly can see it’s very libelous & he wrote it pondering I used to be in jail lol. That is only a warning to others who need 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 focused on the creation of what he termed Crypto 2.0, a reboot of your entire crypto trade.
Crypto 2.0 – The Reboot
Crypto Promise: Large wealth “creation” for the lots the place the Institution can not management lots.
Crypto Actuality: Large wealth “transfer” from the lots the place the Institution makes use of it to manage lots.
Crypto Answer: It’s corroded at its…
— Steven Nerayoff (@StevenNerayoff) November 18, 2023
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