- Steven Nerayoff and TruthLabs’ findings of CCP’s dominance over 66% of ETH supply question the blockchain’s decentralization.
- Prometheum’s Special Purpose Dealer Broker (SPDB) license implies the potential classification of ETH as a security.
- While these developments jeopardize the entire crypto space, Nerayoff urges Vitalik Buterin and Joseph Lubin to take immediate action.
In recent events, Ethereum’s decentralization has been questioned with Steven Nerayoff and TruthLabs’ speculations of the Chinese Communist Party’s (CCP) dominance over the blockchain. Pointing out the vulnerabilities of Ethereum, Steven Nerayoff, the blockchain’s former advisor, urged Founder Vitalik Buterin and Co-Founder Joseph Lubin to take immediate action.
Raising the alarm with @BoringSleuth has been crucial. For investors, US citizens, & the Ethereum Foundation's sake, it's time to hold Vitalik & Joe Lubin accountable. Big thanks to @WhaleFUD for amplifying credible claims. This is only the start. Let's prioritize blockchain's… https://t.co/pahdqPQBJc— Steven Nerayoff (@StevenNerayoff) February 9, 2024
Earlier this week, crypto sleuth TruthLabs identifie…
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