**News Flash: Ethereum Adviser Sues Law Firm for $100M**

Steven Nerayoff, an early adviser to Ethereum, is suing Covington & Burling for $100 million. He claims the firm mishandled his defense in a 2019 extortion case.

Nerayoff alleges Covington lawyer Alan Vinegrad advised against sharing key evidence with prosecutors, which could have shown his actions were lawful. He was arrested in 2019 but charges were dropped in 2023 after he provided the evidence himself.

Covington denies the allegations, calling the lawsuit meritless. Nerayoff's suit seeks compensation for lost business and legal fees, claiming Covington's actions prolonged his legal troubles.