Accusations Against Ethereum
Ethereum and its founders have faced various allegations recently, from fraud to the network being influenced by Chinese investors. On-chain investigator Boring Sleuth has been particularly vocal about these claims, sharing an investigation into the blockchain that suggests significant Chinese control over the network.
Chinese Investors’ Influence
In the investigation shared by Boring Sleuth, it was revealed that Chinese investors may hold a significant portion of the ETH supply. This is allegedly due to Ethereum founder Vitalik Buterin prioritizing Chinese investments in the early days of the network. Buterin reportedly made multiple trips to China to meet with investors and even learned Mandarin to deliver a keynote speech. Additionally, investors were able to bypass Ethereum ICO limits, with reports of influencing major decisions.
Allegations Against Founders
Former advisor Steven Nerayoff has accused Ethereum co-founders Vitalik Buterin and Joseph Lubin of fraudulent activities and attempting to falsely accuse him. Nerayoff claims to have proof of these allegations, which he plans to release imminently. The potential impact of this proof on ETH’s price remains uncertain but could be substantial.
Hot Take: Future Implications
The accusations against Ethereum and its founders, particularly the alleged influence of Chinese investors and claims of fraudulent activities, have raised concerns about the network’s integrity. The impending release of “proof” by Steven Nerayoff could further exacerbate these issues, potentially impacting ETH’s price and stability. It remains to be seen how these developments will unfold and what consequences they may have for Ethereum and its community.
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