Here’s What Ava Labs’ CEO Said About Claims That He Paid Lawyers To Sue Competitors

Here’s what Ava Labs’ CEO said about claims that he paid lawyers to sue competitors! Massive claims and allegations made against Ava Labs is threatening the entirety of the blockchains reputation.

Rumors Surrounding Ava Labs

Recently, Ava Labs, the company behind one of the biggest cryptocurrencies in the world, Avalanche, was embroiled in some major rumors and allegations of illegal activities. 

These ‘illegal activities’ in question were derived from allegations by the crypto “whistleblower” Crypto Leaks which claimed that the blockchain company had allocated more or less 1% of the AVAX token supply as well as Ava Labs’ stocks to the law firm Roche Freedman in order to sue competitors in order to harm them.

Within Crypto Leaks’ allegations, the account had also posted a number of videos showcasing Kyle Roche, a a founding partner of Roche Freedman seemingly admitting his partnership with Ava Labs CEO Emin Gün Sirer, as well as their COO Kevin Sekniqi.

We did a deal, where I agreed to provide legal services in exchange for a certain percentage of the token supply.” Kyle Roche said in the video.

Within another published video, Kyle Roche also admitted to having used “litigation as a strategic instrument to support Ava Labs.

Ava Labs CEO’s Response

Since these allegations were first published, a number of notable figures have voiced their opinions on it, most importantly, Ava Labs CEO himself, Emin Gün Sirer, who heavily denied these claims.

In his most recent tweet, Sirer addressed these allegations, calling them out to be ridiculous “conspiracy theories”. He never did, however, address the videos with Kyle Roche’s supposed confession in them.

Community’s Response

In a now deleted tweet, Binance’s founder CZ also acknowledged these massive allegations, saying at the time, “This is wild. Not sure if this is true, but assuming the videos are not deep fake… And of course, #binance was a target. We are not even a competitor.

Aside from that, many others in the crypto community seem to have been extremely divided by these allegations. Despite Sirer’s denial of the claims, some don’t seem convinced as video evidence clearly shows Kyle Roche’s confession which Sirer did not clear up or explain in any way.

Others, however, seem to side with Ava Labs’ claims that the allegations are false, claiming that the videos published by Crypto Leaks were too short and cut off from each other in order to tell a clear and reliable story.

For now, whether or not those videos and allegations are true still remains a big question as no clear answers have been given by Ava Labs’ side.

For more info regarding Crypto Alpha and NFTs Alpha.  Always follow us on Twitter and Instagram


Related post