Ava Labs Accused of Using Legal Tactics on Rivals
Ava Labs, the originators of the blockchain project named Avalanche, are presently struggling to get out of the pressure mounted by a leaked video in which the attorney of the venue affirms to sue rivals. The platform has received accusations that it as well as the attorney thereof was operating to assault the adversaries within the market through some legal tactics such as the class action legal cases.
CryptoLeaks Alleges Ava Labs’ Founder and Kyle Roche for Collaborating to Distract Regulators by Class Action Suits against Opponent Firms
The accusations were published recent Friday on the formal online portal of CryptoLeaks – the forum which formerly raised allegations confronting FTX as well as Arkham Intelligence (a crypto analyst company) in addition to The New York Times. The accusations are based on the interview’s footage taken with a hidden camera. The interviewee appears to be Kyle Roche (the top attorney of Ava Labs.
In the respective footage, Roche asserted that the company operated while taking advantage of the legal system of America against their opponent firms as well as accomplishing the personal interests of Emin Gün Sirer (Ava Labs’ CEO). The spied videos did not mention the source or the time as well as the place where they were made. The report based on the respective footage charges that a Miami-based company Roche Freedman’s founding partner Kyle Roche had a close connection with Ava Labs.
The report claims that both Roche Freedman and Ava Labs collaborated to utilize class action lawsuits for legal persecution of the other firms while distracting the attention of the regulatory agencies from their projects. For providing services in this respect, Roche was reportedly provided Ava Labs’ equity stake, simultaneous to one percent of the Avalanche blockchain’s native AVAX token’s supply.
Defendants Speak on CryptoLeaks’ Accusations
Both Kyle Roche and Emin Gün Sirer denied the accusations and provided their responses to the leaked videos. Emin Gün Sirer mentioned that these allegations are nonsense without being true. As per him, Ava Labs has no engagement with such hidden tactics and believe in transparency. He affirmed that Roche does not have any say in their decisions (whether they are legal or business-based).
In his turn, Kyle Roche explained that several untrue and edited videos have previously been made over his company and Ava Labs without any source backing them. He stated that the meetings between him and Christen Ager-Hanssen – who works under Dominic Williams (ICP Token’s creator) – were covered in the above-mentioned spying footage. As per him, Hanssen requested the respective meeting while pretending to deal with venture capital investment for a tech venture however his real motive was to entrap Roche and deceive him.
