Former Ethereum Advisor Sues Over Alleged Fraud

Legal Turmoil in the Blockchain Sphere

Steven Nerayoff, known for his role in developing the Ethereum initial coin offering protocols, has thrust himself into a legal battle by suing Michael Hlady and Marianna Shooshani in the New York Supreme Court, Nassau County. The lawsuit alleges that the pair concocted a fraudulent company and scammed Nerayoff, causing significant financial loss.

Alleged Deception Detailed

Nerayoff claims the defendants created a nonexistent company, claiming to offer crucial consulting services that ultimately led to him paying them over $750,000. The lawsuit paints a picture of elaborate deceit, including claims of Hlady's fake government agent background.

Unmasking the Fraud

The charade unraveled with the discovery that not only was the consulting firm fictitious, but Hlady also had a criminal past. Nerayoff's lawsuit seeks restitution and damages for the fraud perpetrated against him.