Ex-Ethereum Advisor Steven Nerayoff Sues U.S. Government for $9.6 Billion Over 'Fabricated' Charges

WikiBit 2024-04-10 16:05

Steven Nerayoff was arrested for nearly $10 billion in damages, claiming federal agents maliciously pursued him during a four-year legal battle after his 2019 arrest for allegedly extorting 10,000 ether from a crypto startup.

An early Ethereum network adviser is suing the U.S. government for $9.6 billion, alleging federal agents “maliciously” investigated and prosecuted him.

In a legal complaint filed on TK, Steven Nerayoff's lawyers allege government agents fabricated federal charges against their client in 2019.

According to the lawsuit, as part of their “collective and concerted fishing expedition,” federal agents subpoenaed, surveilled and even arrested Nearyoff, despite knowing the charges against him were “factually and legally baseless.”

“Federal agents and officers… launched an unhinged and unlawful, four-year campaign against Mr. Nerayoff,” lawyers said in the complaint.

Nerayoff was arrested in 2019 for allegedly extorting 10,000 ether from a crypto startup. The legal battle that ensued lasted roughly four years, ending when the US government dismissed the lawsuit in May 2023.

Nerayoff's lawyers allege that federal agents actions have caused their client “significant damages and injuries.”

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