- As per Crypto Leaks, Ava Labs paid Roche Freedman to target its rivals.
- Ava Labs CEO describes the allegation as”conspiracy theory nonsense.”
Ava Labs CEO and co-founder, Emin Gün Sirer rejects the recent conspiracy allegations. Through the latest Twitter post, Sirer rejects the remarks in the recent blog post made by CryptoLeaks, which claimed that Ava Labs paid Roche Freedman to bring lawsuits against rivals and divert US regulators.
According to CryptoLeaks, the legal firm, Roche Freedman and its founding partner, Kyle Roche have an agreement to provide legal services to Ava Labs in exchange for AVAX tokens and equity in the company. They allegedly want to deceive regulators such as SEC and CFTC by using litigation as a tactic to discourage competitors.
CryptoLeaks & Its Allegations
In one of the videos published by CryptoLeaks, Kyle Roche said that Roche Freedman was paid to hold up Ava Labs and to take legal actions against its competitors, including Dfinity and Solana. Roche Freedman recently filed a lawsuit against Binance over Terra’s collapse and sued Solana Labs. He declared that SOL was illegal security. Additionally, in the video, Roche asserts that he and Ava Labs concluded a deal in September 2019.
Roche stated:
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.
He additionally says that he was around a point in tokens and equity, which is perhaps a reference to a percentage point. The respondent claimed that his allocation was roughly one-third of that of Kevin Sekniqi, co-founder and COO of Ava Labs.
In another video, Roche expressed:
I sue half the companies in this space, I know where this market is going, I believe one of the top 10 in this world… I’ve seen the insides of every single crypto company.
The CFTC and SEC have other targets to pursue and added that litigation can be a vehicle for competitiveness, as per Roche. Meanwhile, Sekniqi stated that the report was written by some ICP conspiracy site and was stupid to the maximum mega Giga level.
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