Ethereum advisor sues U.S. for $9.6b over dismissed extortion charges

Between 2019 and 2023, the U.S. government accused the former Ethereum advisor of being involved in an extortion scheme. The suit further contends that some of these agents resorted to harassment, intimidation, and the alleged fabrication of evidence to press extortion charges. Nerayoff’s legal representation has pointed out that the repercussions on his reputation and business ventures were substantial, warranting legal action against the federal authorities.