Emin Gun Sirer, CEO of Ava Labs, has denied sensational claims from CryptoLeaks that his company used litigation “harm” competitors to fool regulators. He called it “conspiracy theory nonsense”
Sirer made the comments in a Twitter post to his 280k followers on Aug. 28. He was referring to a CryptoLeaks article on Aug. 26 that claimed the company had made a secret pact with Roche Freedman, an American law firm, to “attack and damage crypto organizations.”
It is absurd to believe in conspiracy theories like Cryptoleaks. These self-serving videos, inflammatory articles and illegal behavior are just plain wrong. We wouldn’t do it. The tech and team speak for themselves.
Emin Gun Sirer (@el33th4xor), August 28, 2022
CryptoLeaks published a series candid videos, purportedly from an unknown source, that showed U.S. Attorney Kyle Roche, Roche Freedman LLP, discussing his relationship and partnership with Emin Gun Sirer, and Kevin Sekniqi (the respective CEO and COO at Ava Labs).
CryptoLeaks stated that Roche Freedman (and Kyle Roche) have a deal to offer Ava Labs legal services in return for AVAX tokens, Ava Labs equity and would also use litigation as a tool to disrupt competitors and misdirect regulators like the Security Exchange Commission and Commodity Futures Trading Commission.
Roche stated that Roche’s videos show a close-knit relationship with Sirer that began in academia. They also moved into a coworking space together in August 2019, at the same time as the deal was made for Sirer to provide legal services in return for token supply. Roche stated:
“Gun [Sirer]… we made a deal where I offered legal services in return for a percentage of the token supply.”
Roche also says in another video that they used litigation services as a strategic tool to support Ava Labs.
According to the video, “I sue half of the companies in the space, I know the market is going, [I believe] I am] one the top 10 [crypto-experts] in the world… I have seen the insides and outs of every crypto company.”
This is crazy. I’m not sure if it is true but the videos seem to be authentic. And #binance was clearly a target. We are not even a rival. https://t.co/R5wBtriEBY
CZ Binance (@cz_binance), August 28, 2022
Roche stated in one video that he makes sure the SEC (CFTC) has other magnets [Avalanche rivals] to pursue,” and that litigation can be a tool for competition.
Emin Gun Sirer, CEO of Ava Labs, strongly denied the allegations made in the article. He stated that it was “conspiracy theory absurdity” and said that Ava Labs would not engage in “illegal, unethical, or just plain wrong behavior.”
Roche Freedman LLP website states that Roche employs at most 24 lawyers, with offices in New York City and Boston. Roche studied law at North Western University School of Law. He co-authored “Why Bitcoin Is Booming” in July’s Wall Street Journal. 2017.
Roche Freedman LLP was recently involved in a high profile lawsuit against Solana Labs and Solana Foundation. Anatoly Yakovenko, co-founder of Solana, was also sued by Roche Freedman LLP. 1. 2022, claiming Solana had violated U.S. Federal Security laws when she offered unregistered securities for U.S. investors.
Two weeks earlier, on Jun. 15 Roche Freedman LLP filed a lawsuit against Binance two weeks earlier, claiming that Binance unlawfully sold UST to investors.
Cointelegraph reached Ava Labs to request comment but received no response.