Ex-Ethereum Advisor Reaffirms ETH Is A Security Amid Consensys Vs SEC Lawsuit

In a bold move, former Ethereum advisor Steven Nerayoff has reaffirmed that Ethereum (ETH) is indeed a security. In a series of scathing posts on social media platform X, Nerayoff accused Ethereum of being centralized since its inception. Moreover, he alleged that it has operated as a security since its initial coin offering (ICO).