Tuesday, November 28, 2023

Ava Labs CEO denies company “harmed” competitors.

Emin Gun Sirer, the Ava Labs CEO, has brushed off allegations that his company used litigation to harm competitors and fool regulators. He described the charges as rubbish.

In a Twitter post on August 28, Sirer alleged that CryptoLeaks formed a secret pact with a US law firm Roche Freedman. He said it used the American legal system gangster style to attack and harm crypto organizations. Sirer reiterated that Ava Labs would never engage in the unlawful, unethical and just plain wrong behavior claimed in the self-serving videos and inflammatory article. He said their tech and team speak for themselves.

CryptoLeaks, on Friday, published candid videos from an unknown source. It showed US Attorney Kyle Roche of Roche Freedman LLP highlighting his partnership and relationship with Emin Gun Sirer and Kevin Sekniqi – the CEO and COO of Ava Labs. It said Roche Freedman and Kyle Roche had a deal to provide Ava Labs with legal services in exchange for AVAX tokens and Ava Labs equity. It claimed that it would also use litigation as a tool to disrupt competitors and misdirect regulators like the Securities Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).

The videos show that Roche had a tight-knit relationship between Roche and Sirer which began in academia and moved into a co-working space together in August 2019. The post claims that the deal around that time was made for him to provide legal services in exchange for token supply. Roche said Sirer and they had a deal, where Roche agreed to provide legal services in exchange for a certain percentage of the token supply. In another video, Roche claims they used litigation services as a strategic instrument to support Ava Labs. The video says that it uses half the companies in this space, and it knows where the market is headed.

However, Ava Labs CEO has denied these allegations. Sirer brushed it off as conspiracy theory nonsense.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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