Ethereum insider Steven Nerayoff has expressed skepticism about the possibility of an Ethereum ETF, despite recent approval of Bitcoin Spot ETFs by the SEC. In response to a poll by @WhaleChart on X (formerly Twitter), Nerayoff stated that Ethereum will not be the next asset to get ETF approval, suggesting Cardano and XRP as more likely candidates.He reiterated his fraud allegations against Ethereum’s founders as a reason for his belief. Despite his criticism of Ethereum, Nerayoff praised Bitcoin as a game-changer for humanity and technology. Meanwhile, expectations for an ETH ETF remain high, with analysts predicting approval in mid-2024.
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Ethereum Under Scrutiny Amid Allegations of Insider Connections to Crypto Theft
Samson Mow, CEO of JAN3, has sparked debate by comparing Ethereum to the collapsed crypto exchange FTX. This follows allegations by TruthLabs of a connection between a founding Ethereum developer and the “Blockchain Bandit”, a notorious crypto thief. The allegations also implicate Christoph Jentzsch, a core Ethereum developer, and have led to former Ethereum advisor Steven Nerayoff preparing a lawsuit against Ethereum founders Vitalik Buterin and Joseph Lubin.The “Blockchain Bandit” is known for exploiting weak private keys and stealing over $90 million in cryptocurrency, while the DAO hack, a significant incident in crypto history, resulted in the theft of over $50 million in Ether. These events have led to increased scrutiny of Ethereum’s security, governance, and history. As of now, Ethereum is trading at $2,691.
read moreEthereum Insider Steven Nerayoff Escalates Allegations Against Co-Founders, Lawsuit Imminent
Former Ethereum advisor Steven Nerayoff is preparing a lawsuit against Ethereum co-founders Vitalik Buterin and Joseph Lubin, escalating his allegations of fraud. Nerayoff suggests that more information will surface, with other potential whistleblowers coming forward, potentially causing significant upheaval in the crypto community.
read moreEthereum Founder Reveals 2024 Roadmap: Merge, Surge, Scourge, Verge, Purge, and Splurge
Ethereum founder Vitalik Buterin has outlined the project’s roadmap for 2024, which includes goals such as creating a decentralized proof-of-stake network, advancing rollup scaling, tackling economic centralization, and introducing verkle trees for block verification. However, Buterin has also faced allegations of defrauding the world from a former Ethereum Foundation advisor. At the time of writing, Ethereum is trading at $2,285.41 with a decline in the last day.
read moreAccusations Fly as Former Ethereum Advisor Claims Founder Vitalik Buterin and Associates Defrauded the World
Former Ethereum advisor Steven Nerayoff accuses Ethereum founder Vitalik Buterin and his associates of fraudulently taking control of Web3 in its early stages for personal gain. Nerayoff also alleges that Buterin’s actions are protected by hidden dictators. These accusations follow previous claims of misconduct by Buterin and former SEC officials, including allegations of special treatment for Ethereum. The dominance of the Ethereum network is being challenged by the recent resurgence of Solana. Nerayoff also expresses willingness to discuss the 2016 DAO attack, which he believes was orchestrated by Ethereum executives.
read moreRevelations of Pre-Mined ETH Distribution Threaten Ethereum’s Stability
Former Ethereum core developer Lane Rettig has revealed that 70% of pre-mined ETH was immediately distributed, with the majority going to the Ethereum founders. This raises concerns about the alleged greed and unfair distribution of tokens in the early stages of Ethereum’s development. Rettig also mentioned rumors of a few individuals buying up large percentages of pre-mine ETH due to their ability to participate pseudonymously.
read moreEthereum Insider Exposes SEC’s Alleged Misconduct in Recent Controversy
Ethereum insider Steven Nerayoff has criticized the US Securities and Exchange Commission (SEC) for alleged misconduct in a recent case involving crypto firm DEBT Box. Nerayoff claims that the SEC conducted a prolonged investigation into his activities without evidence of wrongdoing and fabricated evidence to prosecute him. He also accuses the SEC of overstepping its jurisdiction and withholding critical documents.
read moreFormer Ethereum Advisor to Launch Groundbreaking AI-Driven Project
Former Ethereum advisor Steven Nerayoff, who has turned into a critic of the project, plans to launch an AI-driven web3 project. He accuses Ethereum’s co-founder Vitalik Buterin of manipulating the network for personal gain and suggests secret dealings with corrupt U.S. government officials. Nerayoff aims to bring crypto back to its true ethos with his new project.
read moreRipple’s IPO Delayed Amid Fintech Sector Downturn
Ripple’s IPO is facing a delay due to the downturn in the fintech sector, causing a ripple effect on investment decisions. However, XRP has shown resilience, recovering from a recent market downturn and potentially experiencing an 18% price increase.
read moreEthereum Founders Face Allegations of Fraud and Chinese Dominance
Allegations have surfaced against Ethereum and its founders, including claims of fraud and close ties to Chinese investors. On-chain investigator Boring Sleuth has shared an investigation suggesting that Chinese investors may control a significant portion of the ETH supply, while former advisor Steven Nerayoff has promised to release proof of fraudulent activities by Ethereum co-founders Vitalik Buterin and Joseph Lubin. These allegations could have a detrimental impact on the price of ETH.
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