Ethereum’s Past Exposed : Former Ethereum Insider Threatens Revelation of Fraud
In a recent Spaces post, Neyaroff hinted at an upcoming release of audio transcripts, asserting, “I’m going to ‘drop it’ as an NFT,” implying a no-cost, widespread distribution.
Neyaroff revisited the ‘ETH Gate’ incident, focusing on the SEC’s treatment of Ethereum as a utility token and referencing a pivotal speech by former SEC director Will Hinman.
He alleged that the SEC’s handling of Ethereum differed significantly from its actions against Ripple and XRP, questioning the validity of claims regarding Ethereum’s decentralization during Hinman’s speech.
Implications on Investor Sentiment and Potential Legal Fallout
While Neyaroff emphasized his lack of animosity towards Ethereum, his claims have sown doubt among investors. He warned that the public release of his recordings might instigate legal action against Ethereum founders, specifically mentioning Vitalik Buterin and others.
He highlighted the U.S. Securities and Exchange Commission and the Department of Justice as key entities potentially deciding on any criminal actions based on the evidence disclosed.