Key Takeaways
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Emin Gün Sirer claims, “We would never engage in the unlawful, unethical and just plain wrong behavior claimed in these self-serving videos and inflammatory article.”
Ava Labs CEO dismissed accusations that the firm paid off Roche Freedman to sue its competitors.
A recent report from Crypto Leaks claimed that Ava Labs paid AVAX tokens and Ava Labs stock to Roche Freedman’s founding partner, Kyle Roche, to sue rival crypto organizations and distract U.S. regulators from Ava Labs’ illegal actions.
According to Crypto Leaks,
“If there are two horses competing in a race, and you can hack at the leg of one, the other will win. Their horse is AVAX and Ava Labs stock. Initiating a class action against their competitors can harm them in multiple ways, and so they have secretly weaponized the legal system to do this.“
The report featured several videos stating that Ava Labs’ desire to ruthlessly increase the value of the AVAX token could cause the SEC to flag AVAX as illegal security. Furthermore, Crypto Labs claimed that Ava Labs “collaborated” with Roche Freedman to distract U.S. regulators such as SEC and CFTC by accusing competitor blockchain projects of regulatory transgressions.
In response, Ava Labs CEO Emin Gün Sirer denied the Crypto Leaks’ allegations and said that the company would not commit the unethical actions highlighted by the “inflammatory article.”
Moreover, Binance CEO Chengpang Zhao agreed with Emin, stating that Crypto Leaks’ accusations were “wild” as Roche Freedman recently targeted Binance even though it is not Ava Labs’ competitor.
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