- Steven Nerayoff unveils a web of government and crypto collusion.
- Nerayoff accuses Ethereum leaders of knowingly promoting false decentralization.
- Prominent figures implicated as Nerayoff vows legal action in crypto corruption.
Crypto pioneer Steven Nerayoff reveals a web of corruption involving government and private actors in the crypto space. The alleged cover-up led to Nerayoff’s own persecution, and he vows to hold those involved accountable.
From the post above, we see how Nerayoff comes to the rescue of Charles Hoskinson. Specifically, Nerayoff asserts that the conspiracy goes beyond simple bribery, with Clayton and Hinman making hypocritical moves to benefit themselves financially.
The “DAO Report,” actions against Ripple, and a questionable focus on Ethereum were all part of a larger plan to control decentralized protocols for the benefit of select individuals.
The overall objective, according to Nerayoff, was to control a seemingly decentralized protocol that actually served the interests of the government, banks, and a few powerful individuals. He accuses Vitalik Buterin and Joe Lubin of being aware that Ethereum was not truly decentralized at the time of the Hinman speech.
The corruption, Nerayoff claims, facilitated massive frauds through platforms like Token Foundry. Despite being aware, the government turned a blind eye to these fraudulent activities, allowing certain actors to accumulate wealth. He criticizes Ethereum’s lack of meaningful development, attributing it to the profitability of pretending to build an ecosystem while engaging in fraud.
Nerayoff implicates several key figures, including Clayton, Hinman, Marc Berger, Valerie Szczepanik, and others, in orchestrating his false SEC-led prosecution. The lack of retaliation against his accusations is presented as proof of their validity.
As Nerayoff vows to pursue legal action against those involved, his revelations shed light on the darker aspects of the crypto industry and the intertwining of government and private interests.
