Information demonstrating Ethereum co-founder Vitalik Buterin’s alleged fraud is promised by an insider.

A source with firsthand knowledge of Ethereum’s beginnings has pledged to soon make public claims of co-founder Vitalik Buterin’s purported fraudulent actions. An early participant in Ethereum’s history, Steven Nerayoff, declared on November 12 that he will provide evidence pertaining to allegations of misbehavior against Buterin and fellow co-founder Joe Lubin within the next four to five days.

In recent weeks, Nerayoff has become more outspoken about allegations that, in his opinion, go beyond the FTX cryptocurrency exchange controversy. Nerayoff announced via posts on the social media site X that he would soon be able to present evidence in support of his long-standing claims that Ethereum’s creators committed fraud.

Vitalik Buterin Under Attack

Should arrive in 48 hours, ideally sooner. Regarding the upcoming disclosure, Nerayoff said, “Logistics, building up smart NFTs, etc.

His remarks on the internet have mostly centered on Buterin, suggesting that he was deeply involved in the alleged wrongdoing.

“Does Ethereum never scale because of Vitalik, or is he the hero they portray him as? Make your own decisions, Nerayoff wrote.

He continued by questioning Buterin’s contributions to Ethereum directly and asserting, quite simply, that the co-founder had not really invented anything. Nerayoff even went so far as to accuse Buterin and Lubin of deliberately sabotaging Ethereum’s network with fake ICOs, so seriously impeding the progress of the whole cryptocurrency space.

Allegations of Fraud Aloom

Nerayoff said, “Their main goal was to launch hundreds or thousands of bogus initial coin offerings (ICOs) and run away from people.

He further claimed that Lubin’s company ConsenSys’s initial principal business plan was money from arranging initial coin offerings (ICOs).

The insider also questioned the validity of Buterin’s initial Ethereum white paper, attributing the platform’s early success to Gavin Wood’s later technical specifications.

“Buterin’s white paper was not feasible.” Gavin is the one who rectified it in his yellow paper, which is how 1.0 was able to leave. Nerayoff said, “Vitalik is the reason 2.0 never made it out the door.”

Nerayoff is posing as a whistleblower and wants to reveal what he believes to be ten years of wrongdoing.

“I’m just doing this to expose the truth; the remaining ten years of corruption will have to be unraveled by others.” I am aware that the Free Pass will come at a cost to someone,” he remarked.

Nerayoff further cited the absence of court cases or official denials as evidence for the veracity of his claims.

He remarked, “If I was clean, I’d just say no,” in reference to Buterin and others’ lack of rebuttals.

Nerayoff claims that after coming up with his shocking disclosures, other connected parties have gotten in touch with him.

“I sent information to major journalistic outlets prior to coming out to ensure that this story would be public and independent of me. Not a single denial or even a response to simple inquiries about improper behavior from anyone. Makes one wonder how extensive and profound this is,” he said.

Ether, the native cryptocurrency of Ethereum, has not been able to surpass its 2022 highs in the face of Nerayoff’s charges and the approaching publication of his alleged proof. As the Ethereum insider’s anticipated exposé approaches, the cryptocurrency community eagerly anticipates the next development in this tale.