Ava Labs chief executive Emin Gun Sirer has categorically dismissed charges leveled against it by CryptoLeaks, terming it “conspiracy theory nonsense.” On Friday, the community for reporting crypto scams had alleged that the company behind Avalanche had colluded with a US law firm to sue its competitors and dupe regulators.
Sirer tweeted the following:
How could anyone believe something so ridiculous as the conspiracy theory nonsense on Cryptoleaks? We would never engage in the unlawful, unethical and just plain wrong behavior claimed in these self-serving videos and inflammatory article. Our tech & team speak for themselves.
— Emin Gün Sirer🔺 (@el33th4xor) August 28, 2022
CryptoLleaks opened a can of worms by posting candid videos featuring Kyle Roche, a US lawyer. In the video, Roche is seen talking about his partnership with Sirer (CEO) and Kevin Sekniqi (COO of Ava Labs).
According to CryptoLeaks, Roche was supposed to provide legal counsel to Ava Labs in exchange for equity and AVAX tokens. Roche’s legal assistance also involved deploying litigation as a tool against Ava’s competitors and to misdirect the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and other regulators.
In the videos, Roche is also seen saying that he sues half the crypto firms in the space on behalf of Ava Labs.
Notwithstanding the video evidence, CEO Sirer has denied all allegations, stating that Ava Labs would not participate in anything as unethical and unlawful as this.