Ethereum Early Adviser Steven Nerayoff Sues US Government for $9.6 Billion Over False Charges
Summary:
Early Ethereum adviser, Steven Nerayoff, has filed a $9.6 billion lawsuit against the U.S. government for wrongful charges and mistreatment by federal agents between 2019 and 2023. Nerayoff alleges that agents knowingly pursued groundless charges and used harassment tactics, including evidence fabrication. According to the lawsuit, the resulting damage to Nerayoff’s reputation and businesses is significant enough to require legal action. Prominent lawyer Alan Dershowitz has been retained as a consultant on the case.
Steven Nerayoff, a prominent figure in the early stages of the Ethereum platform, has lodged a legal claim against the U.S. government, accusing it of making groundless charges and subjecting him to unnecessary harassment by federal agents from 2019 to 2023. Nerayoff, who notoriously made public allegations of deceit against Ethereum's co-founder Vitalik Buterin, initiated a Federal Tort Claims Act (FTCA) lawsuit demanding $9.6 billion in damages related to an extortion lawsuit that he faced in 2019. This legal confrontation went on for approximately four years, culminating in the U.S. government dropping the case in May 2023.
Eleanor Terrett, a FOX Business journalist, revealed in a new SF-95 release that Nerayoff has put the federal government on trial, alleging that its agents knowingly framed him with unmerited charges. Moreover, he asserts that some agents used methods of menace and coercion, including evidence fabrication, to prosecute him for extortion.
Nerayoff's legal representatives posit that the detrimental impact on his personal reputation and business ventures is substantial enough to warrant legal action against the U.S. government. The legal document states that "the inappropriate actions of federal agents and/or officers have caused irreparable damage to Mr. Nerayoff's welfare, personal life, and career." He had to bear considerable legal costs in his defense and simultaneously has faced income loss due to his tarnished image in the crypto community.
As Terrett reports, Nerayoff has brought on board renowned attorney Alan Dershowitz as an advisor in the case, who has stated that this case is rather "uncommon." Any new developments in this evolving narrative will be updated as they come to light.
Published At
4/9/2024 4:44:12 PM
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