Ethereum Founders Accused of Fraud and Scams: What’s the Truth?

In a surprising or rather, shocking, turn of events, Steven Neyaroff, a key player in Ethereum’s early days, has leveled serious accusations against the platform’s founders, Vitalik Buterin and Joseph Lubin. Neyaroff, using X (formerly Twitter), has vowed to reveal compelling evidence within the next 48 hours, alleging fraudulent activities by the Ethereum creators.

Here’s what he has to say.

Neyaroff’s Allegations

Neyaroff’s statements have increasingly targeted Buterin, suggesting deeper involvement in what he describes as deceptive practices.

“Remember this video when I drop the recording & what I tell Vitalik about 2.0 and to fix misaligned incentive structures. Is Vitalik the savior they bill him as to make Ethereum scale, or is he the reason it never scaled? Decide for yourselves.”

Buterin is the Target

Neyaroff’s recent messages increasingly focus on Vitalik Buterin, suggesting deeper involvement in what he calls deceptive practices. He confidently questions Buterin’s role in Ethereum’s struggle to scale, hinting at a lack of innovation.

Questioning Buterin’s originality, Neyaroff asserts that Ethereum’s challenges in scaling can be directly linked to a lack of innovative solutions from Buterin. The cryptocurrency world is left wondering whether Buterin is the scaling savior he’s touted to be or a hindrance to Ethereum’s growth.

Fraudulent ICOs?

In a shocking twist, Neyaroff accuses Buterin and Lubin of orchestrating fraudulent initial coin offerings (ICOs), claiming these schemes have significantly hampered the cryptocurrency industry’s growth. According to Neyaroff, these ICOs weren’t just diversions but deliberate attempts to profit at the industry’s expense.

“Only killer app was issuing Utility Tokens on ICOs, which I invented. Vitalik & Lubin sabotaged crypto. Their focus was merely to issue hundreds or thousands of fraudulent ICOs fleecing people.”

Read More: Did Ethereum Purchase a Free Pass From Hinman? Ripple-SEC Lawsuit Takes a Shocking Twist

Uncertainty and Stress

The cryptocurrency community now waits anxiously for Neyaroff’s promised evidence, which could potentially shake Ethereum’s foundations. If proven true, Neyaroff’s claims may have broad implications for Ethereum’s reputation and future. As the clock ticks down, the next 48 hours hold the key to uncovering the truth behind Neyaroff’s explosive allegations, creating palpable anticipation worldwide.