Avalanche founder Emin Gün Sirer won the legal battle he started against the crypto phenomenon Emre Aksoy (Krypto Emre), who calls himself “Fetocu”. The conflict, which started in 2021, was also included in the videos put forward by Crypto Leaks. Crypto Emre will now pay 3 million dollars compensation to Emin Gün Sirer.
Avalanche founder wins $3 million in damages from crypto libel lawsuit
Emin Gün Sirer won the legal battle he started after Crypto Emre called himself “Fetocu” in a YouTube video published in February 2021. Crypto Emre implied in part of the video that Sirer was a member of the Fethullahist Terrorist Organization (FETO).
It is also stated that Aksoy directed his followers to sell AVAX by naming Sirer as a group member. According to Sirer, this slander cost millions of dollars and negatively impacted the price of AVAX. The AVAX price tumbled 57% from its peak of $55.51 on February 11, 2021 to $23.85 per month. Now, as a result of Sirer’s lawsuit, Aksoy will have to pay 3 million dollars compensation.
US District Court judge Beth Bloom concluded that Crypto Emre’s rhetoric harmed Sirer. The judge says Sirer’s previous testimony “shows adequately that, among other things, his reputation has been significantly damaged.” The judge writes about the Avalanche founder’s grievance:
The plaintiff experienced anxiety and fear during his frequent visits to Turkey due to his well-founded fear that he would be caught and detained by the Turkish authorities upon entry to Turkey as a result of the accused’s allegations that he was a member of FETÖ.
$300,000 to pay for Sirer’s bodyguards
The trial judge also sought $300,000 in damages to Sirer as “special damages for increased security costs.” 750 thousand dollars of the total fine of 3 million dollars will be paid for Sirer’s reputation loss. In addition, the $2 million fine is imposed on the grounds that Aksoy sets an example for others.
cryptocoin.com As we have reported, the tension between the two was also included in the videos put forward by Crypto Leaks. Kyle Roche, who was at the center of the incident, said that Sirer got angry after the accusations of Crypto Emre. The legal process, which has been going on for about a year, ends today with the victory of the Avalanche founder.
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