Cryptocurrency Pioneer Files $100 Million Malpractice Suit Against Covington & Burling LLP

In a significant legal development, cryptocurrency inventor Steven Nerayoff has filed a $100 million legal malpractice suit against Covington & Burling LLP. The lawsuit alleges that Alan Vinegrad, a partner at the firm, provided faulty legal advice by instructing Nerayoff not to share potentially exculpatory information with prosecutors. A spokesperson for Covington unequivocally stated that “the lawsuit lacks merit.”