Ava Labs CEO Quashes Crypto Leaks’ Conspiracy Allegations

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The Founder and CEO of Ava Labs (Avalanche) respond­ed to the “blockchain enthu­si­asts” group Cryp­to Leaks’ case study. Accord­ing to the study they paid off Roche Freed­man to stage law­suits against com­peti­tors and dis­tract US reg­u­la­tors. Nonethe­less, Freed­man quashed the rumors as “con­spir­a­cy the­o­ry nonsense”.

Emin Gün Sir­er dis­missed Cryp­toLeaks’ sen­sa­tion­al alle­ga­tions. Accord­ing to their arti­cle, Roche Freed­man, led by found­ing part­ner Kyle Roche, has a “secret pact” with blockchain com­pa­ny Ava Labs that “under­mines the integri­ty of the Amer­i­can legal system.”

The case study arti­cle from the cryp­to “whistle­blow­er” also shared video record­ings in which Kyle Roche claims that his firm was paid to sup­port Ava Labs and attack its com­peti­tors, includ­ing Dfin­i­ty and Solana.

Roche appears to have claimed in Sep­tem­ber 2019 that he reached an agree­ment with Ava Labs and was the first recip­i­ent of Ava Labs stock after Andreessen Horowitz. “We did a deal where I agreed to pro­vide legal ser­vices in exchange for a cer­tain per­cent­age of the token sup­ply… that was Sep­tem­ber 2019.”

“I sue half the com­pa­nies in this space, I know where this mar­ket is going, I believe [I am] one of the top 10 [cryp­to experts] in this world… I’ve seen the insides of every sin­gle cryp­to com­pa­ny,” accord­ing to the video recording.

The Cryp­to Leaks piece made the rounds on Cryp­to Twit­ter over the week­end, with reports claim­ing that Roche ensured the SEC and CFTC had “oth­er mag­nets [Avalanche com­peti­tors]” to go after.

To divert the atten­tion of reg­u­la­tors such as the SEC and CFTC, they aggres­sive­ly lit­i­gat­ed against oth­er actors, accus­ing them of reg­u­la­to­ry violations.

Roche Freed­man LLP recent­ly filed a high-pro­file law­suit against Solana Labs, Solana Foun­da­tion, and Solana co-founder Ana­toly Yakovenko, as well as a law­suit against Binance.US for mis­lead­ing investors and sell­ing Ter­ra tokens illegally.



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