Ethereum Advisor Files $100M Lawsuit Against Covington Burling Over Defense Failures

Stephen Neraioff, an advisor to Ethereum, has filed a $100 million lawsuit against Covington Burling. In his April 6 lawsuit, he claims that the law firm failed in his defense regarding an extortion case from 2025 by improperly responding to U.S. government arguments. Neraioff asserts that Covington's attorney prevented the presentation of crucial evidence, causing delays in the case. Neraioff was accused of extortion, but after providing compromising evidence to prosecutors in 2025, the charges against him were dismissed. The lawsuit states that inadequate defense led to additional legal costs exceeding $1 million. Covington plans to vigorously defend itself and has called the allegations unfounded. Previously, Neraioff filed a suit against the U.S. government, alleging malicious prosecution.

Ethereum Advisor Sues Law Firm for $100M Over Defense Failures

In a significant legal development, an Ethereum advisor has taken legal action against Covington Burling, claiming wrongful handling of his defense in a major case. This lawsuit highlights potential issues within legal representation concerning high-profile cases and could have broader implications for the crypto industry. The case's outcome might influence how legal defenses are managed in complex criminal and corporate cases involving cryptocurrency personalities.