NewsletterBreaking: Ex-Ethereum Adviser Sues US Govt For $9.6B Over Personal Damages
Highlights
- Steven Nerayoff is seeking around $9.6 billion alleging that the government made false accusations against him.
- Nerayoff has also cited that some of the government agents intentionally fabricated evidence to prosecute him for extortion.
- Despite playing an essential role in setting up the pace in Ethereum's early days, Nerayoff has been in constant set of court cases with regulators and Ethereum leadership alike.
Former Ethereum adviser Steven Nerayoff has filed a lawsuit against the US government citing personal damages. According to Fox journalist Eleanor Terrett, Nerayoff is seeking around $9.6 billion alleging that the government made false accusations against him.
Former Ethereum Adviser Seeks $9.6 Bln in Personal Damages
Steven Nerayoff, a former Ethereum adviser, and his legal team’s claims against the U.S. government for $9.6 billion in personal damages with allegations claiming that Nerayoff was mistreated by federal investigators between 2019 and 2023 and that false allegations were made against him.
Nerayoff has also cited that some of the government agents intentionally fabricated evidence to prosecute him for extortion, even though they knew the charges against him were unfounded, according to the SF-95 filing.
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Nerayoff’s Tussle with Government
Terrett also highlights that though Nerayoff’s federal charge was dismissed with “prejudice”, his legal team feels that there was sufficient harm done to his enterprises and reputation to warrant pursuing the claim. This makes the former Ethereum adviser’s case strong enough against the government.
Nerayoff’s Continuous Court Battles
Despite playing an essential role in setting up the pace in Ethereum’s early days, Nerayoff has been in constant set of court cases with regulators and Ethereum leadership alike. Some of these infamous tussles include charges against Jay Clayton and Gary Gensler, members of the U.S. Securities and Exchange Commission (SEC), and prominent Ethereum personalities like Buterin.
Nerayoff has before stated that he was the target of a planned and orchestrated character assassination attempt by Ethereum founder Vitalik Buterin and his father, Dmitry Buterin. He was eventually exonerated of all extortion accusations, nevertheless. Nerayoff had also caused a stir in the industry by asserting that regulators gave Ethereum special treatment, calling the phenomenon as “ETHGate.”
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