Ethereum

2024

Arthur

Read

<p class="is-style-lead">Steven Nerayoff, a former adviser to Ethereum, has initiated a lawsuit against the U.S. government, seeking $9.6 billion.&nbsp;</p>
<p>Nerayoff <a href="https://www.dropbox.com/scl/fi/qpiwtd0fv1rfjfcwlus7j/FTCA_Redacted.pdf?rlkey=i6pfvldndm5qjtr46gijdxojb&amp;dl=0" target="_blank" rel="noopener noreferrer nofollow">claims</a> this amount as damages for what he alleges were unfounded accusations and harsh treatment by federal agents from 2019 to 2023.</p>
<p>Nerayoff, who has previously levied allegations of fraud against Ethereum Co-Founder <a href="https://crypto.news/vitalik-buterin-proposal-crypto-economy/" rel="noopener noreferrer nofollow">Vitalik Buterin</a>, took legal steps through a Federal Tort Claims Act (FTCA) lawsuit, citing wrongful actions in a 2019 extortion charge against him.&nbsp;</p>
<p>Between 2019 and 2023, the U.S. government accused the former Ethereum advisor of being involved in an extortion scheme. Charges were based on allegations that Nerayoff and an associate threatened to destroy a cryptocurrency company unless it met his demands for millions of dollars in <a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> tokens and cash.</p>
<p>You might also like: <a href="https://crypto.news/arthur-hayes-bitcoin-price-down-halving/" rel="noopener noreferrer nofollow"> Arthur Hayes: Bitcoin prices to plummet before, after halving </a></p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">🚨NEW: Former adviser to the <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a> network, <a href="https://twitter.com/StevenNerayoff?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@StevenNerayoff</a> and his legal team have filed a Federal Tort Claims Act (FTCA) lawsuit suing the U.S. government for $9.6 billion in personal damages as a result of false charges brought against Nerayoff and his mistreatment by…</p>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1777683338121089103?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 9, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>In a report by FOX Business journalist <a href="https://twitter.com/EleanorTerrett/status/1777683338121089103" target="_blank" rel="noopener noreferrer nofollow">Eleanor Terrett</a>, the lawsuit rests on the assertion that federal agents pursued charges against Nerayoff despite knowing the claims lacked merit. The suit further contends that some of these agents resorted to harassment, intimidation, and the alleged fabrication of evidence to press extortion charges.</p>
<p>Nerayoff’s legal representation has pointed out that the repercussions on his reputation and business ventures were substantial, warranting legal action against the federal authorities.</p>
<p>Read more: <a href="https://crypto.news/stablecoin-regulations-uniform-fsi/" rel="noopener noreferrer nofollow"> Financial Stability Institute calls for uniform stablecoin regulation </a></p>

Former Ethereum advisor sues U.S. for $9.6b over dropped extortion charges

crypto.news

Other articles published on Apr 9, 2024

Grayscale Transfers 6,200 Bitcoin Worth $434 M To Coinbase

Blockchain Expert ZachXBT Confronts IRS Over Intrusive Investigation Tactics

DeXe Protocol Gains Momentum with New Liquidity Partnership

Polkadot (DOT) has over 600,000 active addresses on-chain by the end of March

Ethereum Climbs Sharply as Market Enthusiasm Grows

Monad Labs Raises $225 Million in Funding Round Led by Paradigm

Join our free newsletter for daily crypto updates!