Ava Labs CEO Emin Gün Sirer has denied a report from crypto whistleblower CryptoLeaks alleging that the company entered into an agreement with a prominent law firm to actively damage the company. companies in the industry. Sirer called the report “conspiracy theory nonsense” and “infectious”. The CryptoLeaks report made public August 26 alleges that Ava Labs, the Layer 1 blockchain startup responsible for research and development by Avalanche, the paid law firm Roche Freedman, sued competitors. like Solana Labs.
Emin Gün Sirer, after the video was published, took to Twitter to deny any involvement, claiming: “How can anyone believe something as ridiculous as Cryptoleaks conspiracy nonsense? We will never engage in the unlawful, unethical, and simply wrongful conduct claimed in these self-service videos and offensive content articles. Our team speaks for itself.”
I assume this is correct and it’s as bad as it looks. Consistent with everything I’ve seen before from both Sirer and Roche. From a lawyer friend on Roche a few weeks ago: “the dumb version of the lawyer mob. Bottom of the barrel bottom.” https://t.co/H5eDpvY4Ng
– Ari Paul ️ (@AriDavidPaul) August 29, 2022
Among the allegations posted in CryptoLeaks reportseveral videos appeared showing founding partner Kyle Roche claiming that Roche Freedman was paid to support Ava Labs and attack its competitors, including BinanceDfinity Foundation, and Solana.
In the video, subject reported to be Roche claims that he reached an agreement with Ava Labs in September 2019 and is the first person to receive shares of Ava Labs after Andreessen Horowitz.
“We made an agreement where I agreed to provide legal services in exchange for a certain percentage of the token supply… that was in September 2019,” he say.
Subject went on to claim that he gained “about a point” in tokens and equity, likely referring to a percentage point. By topic, his allocation represents about a third of that of Ava Labs co-founder and chief executive Kevin Sekniqi.
Many well-known crypto individuals have reacted to this case. Binance CEO Changpeng Zhao said that he’s not sure if those allegations are true and that “of course, #binance is a target.”
Founder of BlockTower Ari Paul says that it “matches everything I’ve seen before from both Sirer and Roche.”
