Ava Labs's CEO reports report on alleged conspiracy with law firm

Ava Labs's CEO reports report on alleged conspiracy with law firm

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    According to reports, the Pact Kyle Roche instructed to sue crypto companies in the “gangster style” and to distract the supervisory authorities
  • Roche has sued crypto company like Solana and Binance

The CEO of AVA Labs, Emin Gün Sirer, rejected allegations that the company paid a law firm to damage competitors through collecting lawsuits and to distract the supervisory authorities.

Cryptoleaks claims in A Report On Friday, the core developer of the Avalanche Blockchain, in September 2019 a secret pact with lawyer Kyle Roche.

As part of the alleged deal, AVA Roche granted 1 % of the delivery of Avax-token and a similar amount of equity in return for the collection of lawsuits against parties in crypto.

The sales point also released a number of secretly recorded videos - without name - showing how Kyle speaks about his close relationship with the CEO and COO of AVA Labs, which he trusts.

"We have completed a deal in which I agreed to provide legal services in an exchange for a certain percentage of the token delivery," said Kyle, adding that he was the first person after the VC company Andresen Horowitz to receive the equity of AVA Labs.

Cryptoleaks claimed that the pact was intended to use the American legal system in the "gangster style" in order to harm the competitors of AVA Labs or Avalanche to distract the attention of the supervisory authorities by the commercial nature of the company by being sued for other crrypto players and Emin Gün Sirers' personal rachefeld trains against individuals .

"I think that legal disputes from everyone are too little used instrument," said Roche.

during the Lawyers force the submission of documents and information. The simple fact of a lawsuit itself can cause negative publicity over the accused.

In the videos, Kyle also describes himself as a in-house crypto expert from AVA Labs.

"I am one of the top 10 in the world. I saw the inside of every single crypto company."

Roches LinkedIn profile However, no links to Ava or Avalanche shows.

He also claims that AVA Labs has not been sued because he ensured that the SEC "has other magnets that can be followed".

Herr reacts to the allegations in the early Monday and gave the information in the report "Conspiracy theory".

AVA Labs was founded in 2018 and has 27 investors, including Galaxy Digital, Balaji Srinivasan and Polychain. crunchbase-daten indicates. The company's Avalanche Blockchain completed a token sale worth $ 230 million in September last year, which was led by the competitive crypto hedge fund Arrows Capital.

The CEO of AVA Labs publicly welcomes the lawsuit submitted by Roche Freedman

in October Roche Freedman

The CEO of AVA Labs cheered the step on Twitter and praised the law firm behind the case as "absolutely first class".

in July Roche Freedman sued Solana for the alleged sale and the promotion of non -registered securities. Before that the company verklagte Binance wegen Forderungen Illegally sold the stock exchange to investors and caused them high losses. Cryptoleaks claims that the company has so far submitted 25 collecting lawsuits.

Mixed reactions to the claims of cryptoleaks

Not everyone in the crypto community seemed to trust the Cryptoleaks report, some claimed that the information did not prove that someone was wrong.

Andrew Thurman, Content Lead at the Blockchain analysis company Nansen, claimed that the Internet Computer's outlet would be financed. Especially Roche Freedman last year one Collective lawsuit submitted against DFinity - the company behind Internet computers.

Other, including crypto-Vc Mike Dudas said on Twitter, the allegations from AVA Labs have to go become.

AVA Labs and Roche Freedman did not answer block works for comment until the editorial deadline.

The AVAX-TOKEN has fallen by 12 % in the last 24 hours.


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The contribution "CEO from AVA Labs rejects report on alleged conspiracy with law firm" is not a financial advice.

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