Last Updated on August 29, 2022 by Bitfinsider

CEO of Ava Labs Emin Gün Sirer denounced the “conspiracy theory nonsense” dramatic claims made by CryptoLeaks that his business utilized legal action to “harm” rivals and deceive regulators.

In an Aug. 28 tweet to his 280,500 followers, Sirer made the remarks in reference to a CryptoLeaks report from Aug. 26 that claimed the corporation had struck a “secret pact” with American law firm Roche Freedman to use the legal system “gangster style” to “attack and ruin crypto organizations.”

The U.S. Attorney Kyle Roche of Roche Freedman LLP allegedly explains his partnership and relationship with Emin Gün Sirer and Kevin Sekniqi, the respective CEO and COO of Ava Labs, in a series of frank videos that CryptoLeaks uploaded on Friday. The source is unknown.

According to CryptoLeaks, Roche Freedman and Kyle Roche have an agreement to provide legal services to Ava Labs in exchange for AVAX tokens and equity in the company. They also allegedly plan to use “litigation as a tool” to stifle rivals and mislead regulators like the Security Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).

According to the article, Roche and Sirer shared a close friendship that had its roots in academics. In August 2019, right before the agreement was signed for him to give legal services in exchange for token supply, they also moved into a co-working space together. Roche said: “Gün [Sirer] … we did a deal, where I agreed to provide legal services in exchange for a certain percentage of the token supply.”

The statement “used [litigation services] as a strategic instrument to support Ava Labs” by Roche may also be seen in another video.

“I sue half the companies in this space, I know where this market is going, I believe [I am] one of the top 10 [crypto experts] in this world… I’ve seen the insides of every single crypto company,” the video claimed.

In a video, Roche stated that he “makes sure that the SEC and CFTC have other magnets [Avalanche competitors] to go after” and added that “litigation can be a tool to competition.”

Emin Gün Sirer, CEO of Ava Labs, fiercely refuted the claims made in the report, calling them “conspiracy theory nonsense” and vowing that Ava Labs “never engage in unlawful, unethical, and just plain wrong behavior.”

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