Ava Labs’ CEO Says CryptoLeaks’ Post Is “Conspiracy Theory Crap.”

Following allegations made in a blog post by CryptoLeaks that Ava Labs had a “secret contract” with a U.S. legal firm to sue competitors in exchange for AVAX tokens and equity, the company’s CEO has now commented on the matter.
Ava Labs CEO Emin Gün Sirer has called the shocking allegations made by CryptoLeaks that his company used litigation to “hurt” competitors and fool regulators “conspiracy theory garbage.” The allegations claim that Ava Labs utilized litigation to “damage” competitors and fool regulators.

In a post on August 28 to his 280,500 followers on Twitter, Sirer made the comments in reference to an article published on August 26 by CryptoLeaks. The article alleged that the company had formed a “secret pact” with the U.S. law firm Roche Freedman to use the American legal system in a “gangster style” to “attack and harm crypto organizations.” Sirer’s comments were in response to the article.
On Friday, CryptoLeaks released a series of candid videos from an unknown source that purportedly showed U.S. Attorney Kyle Roche of Roche Freedman LLP discussing his partnership and relationship with Emin Gün Sirer and Kevin Sekniqi, who are the CEO and COO of Ava Labs, respectively. The videos were published by CryptoLeaks.

According to CryptoLeaks, Roche Freedman and Kyle Roche have an agreement to provide Ava Labs with legal services in exchange for the AVAX tokens and Ava Labs equity. They also allegedly plan to use “litigation as a tool” to disrupt competitors and misdirect regulators such as the Security Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) (CFTC).

According to the publication, the videos of Roche provide evidence that there was a close relationship between Roche and Sirer, which began in the academic world. The publication also claims that Roche and Sirer moved into a co-working space together in August 2019, around the same time that the agreement was made for him to provide legal services in exchange for token supply. According to Roche:

“Gün [Sirer] … We came to an agreement, and as part of it, I will give legal services in exchange for a predetermined share of the total token supply.

In another video, Roche is heard claiming that the company “used [litigation services] as a strategic instrument to help Ava Labs.” [Citation needed]
“I sue half of the firms operating in this sector, I know where this market is headed, and I believe that I am among the top 10 [crypto specialists] in the entire world… According to what is stated in the video, “I’ve seen the interior of each and every crypto company.”

This is completely insane. I don’t know if this is accurate, but if the videos aren’t a particularly convincing fake

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And Binance was, of course, one of the targets. Even if we were competitors, we are not.
In one of the videos, Roche can be heard saying, “I make sure that the SEC and CFTC have other magnets [Avalanche competitors] to go after,” and he also says that “litigation may be a tool to competition.”

The Chief Executive Officer of Ava Labs, Emin Gün Sirer, has categorically rejected the claims made in the article, calling them “conspiracy theory drivel” and asserting that the company “would never engage in criminal, unethical, and just plain wrong behavior.”

On the website for Roche Freedman LLP, it is stated that the firm has at least 24 attorneys working for it, and its offices are located in New York City, Boston, and Miami. Roche is a graduate of the North Western University School of Law and was a co-author on an article for the Wall Street Journal titled “Why Bitcoin is Booming” in July of 2017.

Recently, Roche Freedman LLP was involved in a high-profile lawsuit against Solana Labs, Solana Foundation, and Solana co-founder Anatoly Yakovenko on July 1, 2022. The lawsuit claimed that Solana violated U.S. Federal Security laws by offering unregistered securities to investors in the United States. The lawsuit was filed against Solana by Roche Freedman LLP.

Around two weeks earlier, on June 15, Roche Freedman LLP also initiated legal action against Binance, alleging that the cryptocurrency exchange participated in unlawful activity by selling UST to investors. This case was similar to the one initiated by Roche Freedman LLP.

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