Ethereum Exposé: From Founders to Fraud?

Steven Nerayoff alleges that Ethereum's fraudulent activities could even be worse than those of FTX.

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Here's what we've got for you today:

  • Allegations of Corruption Rock Ethereum: Journalist Unveils Shocking Claims

  • Geopolitical Unrest Sends Shockwaves Through Cryptocurrency Markets

  • Bitcoin Miners Could Dump $5B in BTC After Halving: 10x Research

  • Fraudsters Target New Victims with Millions in Laundered Crypto

Former Ethereum advisor Steven Nerayoff has made some serious accusations against Ethereum founders.

  • Investigative journalist James O’Keefe released a viral expose uncovering a web of corruption and deceit within Ethereum that has shaken the cryptocurrency space.

  • Steven Nerayoff, a former advisor to Ethereum, accused founders Vitalik Buterin and Joseph Lubin of fraud and collusion with corrupt U.S. government officials, including the SEC.

  • Nerayoff alleges that Ethereum's fraudulent activities could even be worse than those of FTX.

Bitcoin's value dropped more than 8% on Apr. 13 due to rising geopolitical tensions in the Middle East.

  • Bitcoin's price sharply fell by over 8% to $61,625 on Apr. 13 due to increased geopolitical tensions in the Middle East, which impacted the crypto space as a whole.

  • Ethereum and Solana also faced large declines, with Ethereum dropping 9.81% to $2,927 and Solana plummeting 15.96% to $129.

  • The global cryptocurrency market cap decreased by 8.19%, reaching $2.23 trillion, according to CoinMarketCap.

A market analyst suggests that BTC may see a significant outflow from miners in the months after the halving, similar to previous cycles.

  • Markus Thielen, head of research at 10x Research, predicts Bitcoin miners might sell off $5 billion worth of BTC after the upcoming halving, potentially causing market overhang for four to six months.

  • Historical patterns suggest Bitcoin's price could remain stagnant, similar to after the 2020 halving when prices fluctuated between $9,000 and $11,500 for five months.

  • With the halving scheduled for around Apr. 20 this year, significant price increases may not happen until around October if past trends continue.

ZachXBT issued a stern warning about an ongoing scam orchestrated by a notorious group that has been part of multiple rug pulls in the past.

  • ZachXBT's investigation found that a group was involved in multiple rug pulls on platforms like Magnate, Kokomo, Solfire, and Lendora.

  • The group's latest fraudulent activities are focused on Leaper Finance, a lending protocol on the Blast network, and similar projects like ZebraLending on Base.

  • The scammers have been funneling funds from previous scams into Leaper Finance to boost its liquidity and lure more victims.



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