Emin Gün Sirer vs CryptoLeaks

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The CEO of Ava Labs, Emin Gün Sirer, calls CryptoLeaks’ allegations “conspiracy theory nonsense”

Emin Gün Sirer vs CryptoLeaks
Emin Gün Sirer vs CryptoLeaks / Image Credit: CRYPKYP
1661763061 29 Aug / 08:51

The CEO made these remarks in response to a blog article on CryptoLeaks that claimed Ava Labs had a "secret contract" with a U.S. legal firm to sue rivals in return for AVAX tokens and ownership. CEO of Ava Labs Emin Gün Sirer denounced as "conspiracy theory gibberish" dramatic claims by CryptoLeaks that his business utilized legal action to "hurt" rivals and deceive regulators.

In an August 28 tweet to his 280,500 followers, Sirer made the remarks about a CryptoLeaks report from August 26 that claimed the corporation had struck a "secret deal" with American law firm Roche Freedman to use the legal system "gangster manner" to "target 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 agree to provide legal services to Ava Labs in exchange for AVAX tokens and equity in the company. They also allegedly planned 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, before the agreement was signed for him to give legal services in exchange for token supply, they also moved into a co-working space.

R. Roche said: Gün Sirer… I agreed to offer legal services in exchange for a certain portion of the token supply as part of our arrangement.

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

I consider myself one of the best 10 [crypto specialists] in the world, and I suit half the corporations in this industry.
I’ve been inside every single crypto company, the video claims.

“This is bizarre. Although I’m not sure if it’s true, assuming the videos aren’t completely bogus… Naturally, #binance was also a target. Even so, we are not a rival.” — CZ Binance on August 28, 2022 (@cz_binance).

In a video, Roche stated that he “ensures 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 gibberish” and vowing that Ava Labs “never engages in unlawful, unethical, and just plain wrong behavior.”

The website for Roche Freedman LLP states that Roche has offices in New York City, Boston, and Miami, with at least 24 attorneys on staff. Roche studied law at North Western University, and in July 2017, he co-authored an article titled “Why Bitcoin is growing” for the Wall Street Journal.

On July 1, 2022, Roche Freedman LLP filed a high-profile lawsuit against Solana Labs, Solana Foundation, and Solana co-founder Anatoly Yakovenko, alleging that Solana had offered unregistered securities to American investors in violation of federal securities laws.

On June 15, just over two weeks earlier, Roche Freedman LLP filed a lawsuit against Binance, alleging that the cryptocurrency exchange had illegally sold UST to investors.

Cointelegraph contacted Ava Labs for comment, but no response was given right away.

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