Ava Labs CEO Emin Gün Sirer denied a report by CryptoLeaks making various allegations. Meanwhile, Binance CEO Changpeng Zhao, who tweeted on the subject, deleted his tweet. Here are the details…
Claims that shook the market for Ava Labs emerged
cryptocoin.com As we reported earlier this morning, the report claims that Ava Labs and law firm Roche Freedman have entered into agreements with Ava Labs. It is said that some of the crypto money and stocks were given in return for the deal. Ava Labs CEO, Emin Gün Sirer, dismissed CryptoLeaks’ report that the company had struck a deal with a law firm to actively harm companies in the industry. Sirer called the report “conspiracy theory bullshit”.
The CryptoLeaks report talks about Roche Freedman, a law firm that says it is “widely suing people in crypto who are currently executing at least 25 class action lawsuits.” Binance points to lawsuits against Solana Labs and the Dfinity Foundation. CryptoLeaks stated that the firm “operates under an extraordinary collusion that has damaged the crypto industry. It is so perverse that it undermines the integrity of the American legal system.”
Allegations are that the law firm and Avalanche made a deal.
The report claims that Ava Labs and Roche Freedman have entered into a deal that gives the law firm large sums of Ava Labs shares and AVAX cryptocurrencies worth hundreds of millions of dollars. CryptoLeaks also shared various videos. It is also necessary to consider the possibility of fake videos. However, the people alleged to be Roche Freeman and Kyle Roche in the video use the following expressions:
He used the American legal system to attack and harm crypto organizations and projects that could somehow compete with Ava Labs or Avalanche. It sues crypto industry actors in general. It moves the SEC and CFTC away from the highly commercial nature of Ava Labs and Avalanche Blockchain. He secretly follows Emin Gün Sirer’s personal lawsuits against individuals.
Binance CEO deletes his tweet
Many prominent cryptocurrency figures have responded to the issue. Binance CEO Changpeng Zhao, for example, said he wasn’t sure if the allegations were true. But “of course Binance was a target,” he said. However, the CEO deleted his tweet. However, you can see the screenshot of the share below:
The price of AVAX fell after the report. It is currently changing hands at $17.98, down 10.4 percent. The cryptocurrency, which ranks seventeenth by market cap, was trading above $20 during the day. While the amount that Coin has lost in the last 7 days is 22 percent, it has lost 37 percent in the last 14 days.
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