Steven Nerayoff, former adviser to the early Ethereum network, sues the US government for $9.6 billion.

Steven Nerayoff, former network consultant Ethereum The first era sued the US government for $9.6 billion. It accused federal agents of “maliciously” investigating and prosecuting him.

inComplaintIn legal filings with TK, Steven Nerayoff’s attorneys allege that state agents falsified federal charges against their client in 2019.

According to the said complaint, Federal officials issued a subpoena and arrested Nearyoff, despite knowing the charges against him were false. “It is baseless and has no legal basis.”

Nerayoff was arrested in 2019 for allegedly extorting 10,000 ether from a crypto startup. A four-year legal battle ended when the case was dismissed in May 2023.

Nerayoff’s lawyers allege that the actions of federal agents caused their client “There was a lot of damage.”

“The direct and indirect effects of improper behavior by federal officials and/or officials It has caused irreparable damage to Nerayoff’s well-being, personal life, and career,” the lawyers said in the lawsuit.

The nearly $10 billion in damages represents the losses Nerayoff suffered as the legal battle damaged his reputation. According to the complaint, All of Nerayoff’s business partners withdrew during the proceedings. This led to him losing billions of dollars during the crypto market surge, including “hundreds of millions of dollars from consulting contracts.”

Nerayoff is the founder of Alchemist, a blockchain consulting company.

refer : theblock.co

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