A report published on August 26 by crypto “whistleblower” Crypto Leaks indicates that Ava Labs funded Roche Freedman in order to prepare lawsuits against rivals and distract U.S. authorities. Ava Labs’ CEO and co-founder Emin Gün Sirer turned to Twitter to reject the article’s accusations.
According to a report published on August 26 by cryptocurrency “whistleblower” Crypto Leaks, Layer 1 blockchain development company Ava Labs reportedly paid legal firm Roche Freedman with around 1% of the AVAX token supply and Ava Labs shares to organize litigations and class-action lawsuits involving some of its rivals.
Roche Freedman is a well-known law company with a variety of crypto-related affairs; it recently sued Binance.US over Terra’s failure and launched a lawsuit against Solana Labs alleging SOL was unlawful security.
Several videos purportedly showing founding partner Kyle Roche saying Roche Freedman was paid to promote Ava Labs and attack its rivals, notably Dfinity and Solana, were leaked with the charges in the Crypto Leaks report. The individual in the videos who is said to represent Roche claims to have made a deal with Ava Labs in September 2019 and to have received Ava Labs shares before even Andreessen Horowitz. “We reached an agreement in which I committed to give legal services in return for a portion of the token supply… that was in September of 2019,” he claims.
Subsequently, the subject says that he was “around a point” in tokens and equity, most likely meaning a percentage point. According to the topic, his allotment was one-third of Kevin Sekniqi’s.
The undercover agent in the film says, “You utilize litigation as a strategic weapon to assist Ava Labs.” “Correct,” he confirms. In the video footage, the person also claims to reside with Sekniqi.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.