The two Americans have been arrested for their alleged roles in a string of cryptocurrency extortion of millions of dollars. One of them is a former adviser to several blockchain projects such as Ethereum.
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For the millions of dollars in extortion
According to a statement released by the u.s. Department of Justice (doj) of his former Ethereum consultant, Steven Nerayoff and Michael Hlady was arrested after she had threatened to get a set up to destroy them. They were asking for millions of dollars worth of ether for the new company.
The explanation is that the Nerayoff and Hlady, an old-fashioned shakedown, have been carried out, but with modern conveniences.
It is important to know that Nerayoff has played a major role in the development of the ICO’s using Ethereum. On his own website claims he is the Architect of the ICR-to-be.
The statement of the court in two of the exactions by the same company in Seattle.
The first expression
In July of 2017 as it was a company working on an ICO (initial coin offering) in order to raise funds. The company Nerayoff would recommend, according to the contract.
In accordance with the contract agreed to Nerayoff agree with the ICO to achieve this in exchange for a 22.5 per cent of the ether, but it is also a 22.5 per cent of the issued token.
However, a few days before the ICO, it would start, it would be Nerayoff to be more on the business demands.
According to the statement, asked the Nerayoff that the share was increased to over 17,000 SIGHTS, compared to those of the original agreement, of which 13,000 ETH zurich. At the time, that is approximately is 8.75 million dollars.
Nerayoff will be accused of being a threat to the company, to destroy them if they do not meet this requirement. The company paid for it, but said that they do not have the services of a Nerayoff got it.
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The second expression
The company, which was then presented to the staff of the Nerayoff, Michael Hlady. He has been described as the “operations guy.” Hlady told me that he was a member of several government agencies, including the NSA and the CIA. He might also have said that he is the head of state, it would have been shot down.
In march 2018, with required Nerayoff for a loan of up to 10,000 SIGHTS, from the business. It was at that time, about 4,45 million dollars. He would be that the loan is not given, then it would be the company with the basis to align.
The company has complied with this requirement, but the loan was never paid back. The prosecution is going to have a little bit further.
And the prosecutors (hence, the limited liability company is not because of the bad weather, in the house of Nerayoff in New York city. In the middle of the night and came in Hlady and Nerayoff his room to get him to threaten you in order to make more money, to no avail.
What do we do now?
Nerayoff was published yesterday in the district court and was released on bail for $ 750,000. Hlady was living yesterday in the lawsuit and has been ordered for next week, though.
Read this way, as an exciting detective, and the accusations against him are not nice. But Nerayoff and Hlady are not yet found guilty or innocent of it. If they are guilty, then you can have the duo to a term of imprisonment of up to twenty years.