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Ethereum Insider Ready For Battle: ETH Founders’ Fraud Proof Coming In 4-5 Days

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Steven Nerayoff, one of the earliest advisors for Ethereum, has had various debates and discussions concerning Ethereum in the past few weeks. The former lawyer for the crypto firm has never wavered from his position that Vitalik Buterin and Joseph Lubin, the co-founders of Ethereum, engaged in fraudulent activity during the early days of the network and that the SEC was corrupt in its dealings with Ethereum.

While speaking in a Space hosted on social media platform X, Nerayoff revealed he has recorded proof that could heavily implicate Ethereum co-founder Vitalik Buterin.

Former Ethereum Advisor Claims to Have Proof of Fraud

Nerayoff has always asserted that the extent of fraud in the Ethereum ecosystem’s early days surpasses the scale of the FTX scandal, which led to the exchange’s bankruptcy. This saga has continued in this high-stakes battle over the transparency and decentralization of one of crypto’s largest ecosystems.

Nerayoff had been initially talking with other speakers on the podcast about the SEC’s plan to ultimately decide who and what becomes a security in the crypto industry before switching topics to the ETHGate scandal.

According to Nerayoff, the Ethereum Foundation had run into troubles in 2015 as it actually looked like it was going under. Buterin reportedly ran to Nerayoff for help to save and restructure the foundation, as he had created the utility token and ICO for ETH.

Nerayoff mentioned this conversation with Vitalik ran up to three hours, and he had it recorded, and it is ready to be released as a free NFT and a transcript in the next four to five days.

“So he asked me to restructure the entire Ethereum Foundation to save it and I’ve got the whole thing recorded. I’m going to drop it. We’re doing it as an NFT. It’s free, but everybody can have it,” he said.

The Ethereum former advisor also talked about how the SEC basically gave a free pass to Ethereum amidst the

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Author: Scott Matherson

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