first-banner-ad
Headlines

Ethereum Under Fire: Steven Nerayoff’s Explosive Revelation

Steven Nerayoff, a former advisor of Ethereum and a prominent figure in the blockchain and cryptocurrency patent space, has voiced significant concerns regarding Ethereum’s recent probe by the U.S. Securities and Exchange Commission. 

Let’s take a look at his commentary on Ethereum’s journey, the SEC’s investigation, and the implications on the broader cryptocurrency market.

The approval of Ethereum ETFs is potentially under higher scrutiny as the Securities and Exchange Commission has sent subpoenas to many firms and exchanges dealing with Ethereum and its potential ETFs. 

In a recent post, Steven Nerayoff has unveiled his perspective on Ethereum’s trajectory and the SEC’s investigation. 

Nerayo,ff who has had beef with Ethereum’s CEO and Vitalik and called them out as fraudsters multiple times, has expressed profound disappointment with Ethereum’s evolution.

He says, “First, if my invention was followed, we wouldn’t have issues today; Ethereum would still be the base of crypto.”

Nerayoff emphasized that “The problems with Ethereum, the announcement of the SEC investigation, and the ETHGate movement are all due to the founders’ greed and willingness to allow our revolutionary project to become nothing more than a deceptive database controlled by a few to manipulate many.”

Nerayoff further criticized the growth of Ethereum by citing the proliferation of fraudulent Initial Coin Offerings (ICOs) and the subsequent loss of trust and faith as consequences of the present ETH leaders deviating from his initial vision for Ethereum. 

Nerayoff has repeatedly attacked Vitalik Buterin for not abiding by the principles of transparency and accountability. He calls for urgent action to rectify the situation.

While some have compared him to the ‘Craig Wright of Ethereum,’ in a stern comment, Nerayoff responded, “Don’t compare me to frauds Vitalik or Craig.”

Nerayoff says that “Utility Token, ICO & more were vital to the explosion of Ethereum & the entire non-BTC sector.” 

Nerayoff’s commentary has added more speculations to the ongoing probe of Ethereum amidst its impending ETF decisions by the SEC. While he almost paints himself as the angel of goodwill, Nerayoff’s insights highlight the need for greater accountability and transparency within the cryptocurrency industry.

Related posts

HBAR Price On A Crazy Bull Run With This Breakout, Eyes $0.10!

EdaFace Admin

EdaFace Shall Rise, Dollar Will Be Devalued: Balaji Srinivasan Doubles Down On 2023 Prediction

EdaFace Admin

What the Ripple CLO has to Say Before SEC Chair Gary Gensler’s Testimony Today

EdaFace Admin

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More