John Deaton, the attorney who represents the over 70,000 XRP token holders in the Ripple Vs U.S. Securities and Exchange Commission (SEC)<\/a> lawsuit, had kept the crypto community guessing about this announcement. However, there were hints that the announcement involved Steven Nerayoff, who was an early adviser in the Ethereum network project. The attorney revealed that a major part of the announcement was about Nerayoff, describing him as the most talked about person within the XRP community currently.<\/p>\n Also Read: Tether CTO Slams WSJ Article On Restarting Loans<\/strong><\/a><\/p>\n <\/p>\n In May 2023, a New York judge dismissed criminal extortion charges against the Ethereum early advisor. He was accused of extorting a crypto startup that he was consulted to assist in an ICO process. However, the federal prosecutors had admitted that they were unable to prove the charges in the indictment beyond a reasonable doubt.<\/p>\n In a massive revelation, Deaton claimed that he had personally seen some of the receipts that Nerayoff claims to have, in relation to the allegations he made on the Ethereum ICO, although the attorney did not exclusively name the crypto project due to attorney client privilege. He concluded<\/a> based on the records he saw that the insiders of the Ethereum ICO were not telling the truth.<\/p>\n \u201cI have seen some of the receipts Nerayoff claims to have. I understand that he was targeted by some people at a cryptocurrency project (ETH) and I understand why he feels that. I can conclude that people who distanced from Nerayoff are not telling the truth.\u201d<\/p>\n <\/p>\n<\/blockquote>\n <\/p>\n In the recent days, Nerayoff had been making allegations about the irregularities involved in the Ethereum initial coin offering (ICO) and the corrupt practices at the US SEC. In a tweet dated September 17, 2023, Nerayoff revealed<\/a> about someone at Etheruem hiding the real number of ETH ICO buyers. \u201cWhales could disguise their large positions during the ICO,\u201d he revealed. More importantly, he admitted to having some documental proofs about the same.<\/p>\n \u201cI might have the doc versions by the author of the TOS amongst countless documents, recordings, etc. all stored in a number of locations.\u201d<\/p>\n<\/blockquote>\n Deaton said he was not able to reveal many other details due to legal restrictions but concluded saying that as a community, \u201cWe\u2019re getting closer\u201d in the fight against regulators.<\/p>\n Also Read: Ethereum On-Chain Metrics Tank After Shanghai Upgrade, Should Investors Worry?<\/strong><\/a><\/p>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\nWho Is Steven Nerayoff?<\/h2>\n
The Big Announcement: We\u2019re Getting Closer<\/h2>\n
\n
\n
\u201cWe are getting closer\u201d<\/h2>\n
\n ![\"coingape\"](\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"){kind=logo}
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n![\"\"](\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\")
<\/div>\n
![\"\"](\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\")
![\"\"](\"https:\/\/secure.gravatar.com\/avatar\/69560a4be8debdb70e914532faf8168a?s=200&d=mm&r=g\")
![\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"](\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\")
![\"will_cramer_curse_strike_again_720\"](\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\")
![\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"](\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720.jpg\")