Emin Gün Sirer, the CEO of Ava Labs, has denied a claim made by cryptocurrency leaker CryptoLeaks that the company has a pact with a well-known law firm to intentionally harm businesses in the sector. Sirer referred to the report as "inflammatory" and "conspiracy theory drivel." According to the August 26-released CryptoLeaks report, Layer 1 blockchain business Ava Labs, which conducted the research and development for Avalanche, engaged the law firm Roche Freedman to sue rivals like Solana Labs.
After the tapes were made public, Emin Gün Sirer used Twitter to refute any participation "How could anyone think that the absurd conspiracy theories on Cryptoleaks are true? These self-serving movies and incendiary stories make claims about us that we would never engage in, including illegal, immoral, and just plain wrong behavior. Our personnel and technology can speak for itself."
Several videos purport to show founding partner Kyle Roche saying that Roche Freedman was paid to endorse Ava Labs and criticize its rivals, such as Binance, Dfinity Foundation, and Solana. This is one among the accusations made in the CryptoLeaks report.
The person identified as Roche appears to assert in the videos that he made a deal with Ava Labs in September 2019 and was the second person to get Ava Labs shares after Andreessen Horowitz.
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In an agreement that was finalized in September 2019, he adds, "I promised to offer legal services in exchange for a certain portion of the token supply.
The subject continues by stating that he was "about a point" in tokens and equity, which is perhaps a reference to a percentage point. The respondent claimed that his allocation was around one-third of that of Kevin Sekniqi, co-founder and COO of Ava Labs.
Numerous well-known crypto experts have commented on the case. Changpeng Zhao, the CEO of Binance, stated that he was unsure of the veracity of the claims and that "of course, #binance was a target."
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It "fits with everything I've seen previously from both Sirer and Roche," according to BlockTower creator Ari Paul.
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