Thursday 19 September 2019
Two individuals in the US, including a former advisor to various blockchain projects including Ethereum, have been arrested for their alleged role in a series of multi-million dollar cryptocurrency extortion. According to a Department of Justice statement, former Ethereum advisor Steven Nerayoff and Michael Hlady were arrested after supposedly threatening to “destroy a startup cryptocurrency company if they were not paid millions of dollars” worth of Ethereum. “As alleged, Nerayoff and Hlady carried out an old-fashioned shakedown, to be paid off with 21st century cryptocurrency,” United States Attorney Richard Donoghue said in the statement. The targeted company was an unnamed…
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