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Gungun Bhatia
Aug 29, 2022

Ava Labs CEO Calls CryptoLeaks' Claims Nonsense

Ava Labs CEO
Ava Labs CEO Emin Gün Sirer has rejected the shocking charges made by CryptoLeaks that his business used lawsuits to "hurt" rivals and mislead authorities as "conspiracy theory nonsense".

In an August 28 tweet to his 280,500 followers, Sirer made remarks about a CryptoLeaks report from August 26 that claimed the business had signed a "secret deal" with American legal firm Roche Freedman to use the legal system in a "gangster manner" to "target and ruin crypto groups."

Videos Released by CryptoLeaks

In a series of candid videos that CryptoLeaks uploaded on Friday, U.S. Attorney Kyle Roche of Roche Freedman LLP allegedly explains his partnership and connection with Emin Gün Sirer and Kevin Sekniqi, the respective CEO and COO of Ava Labs.

According to CryptoLeaks, Roche Freedman and Kyle Roche have an agreement to offer legal services to Ava Labs in exchange for AVAX tokens and shares in the company. They also allegedly planned to use "litigation as a tool" to suppress rivals and mislead authorities like the Security Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).

The article added that Roche and Sirer might have had a close friendship and that the two of them had shared a co-working space in August 2019, just before the agreement was formed for him to offer legal services in exchange for token supply. Roche stated:

“Gün [Sirer]... we did a deal, where I agreed to provide legal services in exchange for a certain percentage of the token supply.”

Ava Labs CEO Refutes the Allegations

Sirer, angrily refuted the claims made in the report, calling them "conspiracy theory nonsense" and declaring that Ava Labs "never engages in unlawful, immoral, and just plain wrong activity."

Different Lawsuits Filed by Roche

On July 1, 2022, Roche Freedman LLP filed a high-profile lawsuit against Solana Labs, Solana Foundation, and Solana co-founder Anatoly Yakovenko, alleging that Solana had offered unlicensed securities to American investors in violation of federal securities laws.

On June 15, Roche Freedman LLP also filed a complaint against Binance, alleging that the cryptocurrency exchange had illegally sold UST to investors.

Ava Labs CEO Calls CryptoLeaks' Claims Nonsense
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

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