This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Ethereum and its founders have recently faced a series of accusations, including fraud and alleged ties to China. On-chain investigator Boring Sleuth has been particularly vocal in linking the network to Chinese investors. A recent investigation shared by Boring Sleuth suggests that Chinese investors may control a significant portion of the ETH supply. This is attributed to Ethereum founder Vitalik Buterin’s reported prioritization of Chinese investments in the early days of the network. The investigation also claims that Chinese investors had influence over major decisions, such as the Ethereum hack and subsequent hard fork. Boring Sleuth further alleges that Buterin’s official wallets were funded by the Wanxiang Group, where he previously worked. In addition to the accusations of ties to China, Ethereum and its founders are facing serious allegations of fraudulent activities. Former advisor Steven Nerayoff claims to have proof of fraudulent activities carried out by Vitalik Buterin and Joseph Lubin. Nerayoff also accuses the founders of attempting to falsely accuse him and vows to expose them. He plans to release the proof within the next 48 hours. The potential impact of this proof on the ETH price is uncertain but could potentially trigger a crash.