Emin Gün Sirer, CEO of Ava Labs, has dismissed sensational accusations from CryptoLeaks that his firm used litigation to "harm" competitors and deceive regulators as conspiracy theory nonsense.

Sirer made the remarks in an Aug. 28 Twitter post to his 280,500 followers, relating to an Aug. 26 article from CryptoLeaks accusing the company of establishing a secret pact with U.S. law firm Roche Freedman to attack and harm crypto organizations using the American legal system gangster-style.

On Friday, CryptoLeaks released a series of candid videos purportedly showing U.S. Attorney Kyle Roche of Roche Freedman LLP discussing his collaboration and relationship with Emin Gün Sirer and Kevin Sekniqi, the CEO and COO of Ava Labs, respectively.

According to CryptoLeaks, Roche Freedman and Kyle Roche have agreed to provide Ava Labs with legal services in exchange for AVAX tokens and Ava Labs equity. They would also use "litigation as a tool" to disrupt competitors and mislead regulators such as the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) (CFTC).

The videos of Roche indicate a close relationship between him and Sirer that started in academia and that they also moved into a co-working space together in August 2019, around the time the deal was made for him to deliver legal services in exchange for token supply. 

"Gün [Sirer]..." We struck an agreement in which I agreed to provide legal services in exchange for a percentage of the token supply," he stated.

Another video shows Roche stating that they used litigation services as a strategic tool to support Ava Labs.

"I sue half the businesses in this space, I know where this market is going, and I believe [I am] one of the top ten [crypto experts] in the world... "I've seen the insides of every single crypto company," 

In one video, he stated that he ensures that the SEC and CFTC have other magnets for Avalanche competitors to go after, adding that litigation can be a tool for competition.

Ava Labs CEO Emin Gün Sirer strongly denied the claims made in the article, calling them "conspiracy theory nonsense" and stating that Ava Labs would "never engage in unlawful, unethical, or just plain wrong behavior."

According to his website, the firm employs at least 24 attorneys and has offices in New York City, Boston, and Miami. He studied law at North Western University and co-wrote "Why Bitcoin is Booming" in the Wall Street Journal in July 2017.

On July 1, 2022, Roche Freedman LLP filed a high-profile legal battle against Solana Labs, Solana Foundation, and Solana co-founder Anatoly Yakovenko, alleging that Solana violated U.S. Federal Securities laws by offering unregistered securities to U.S. investors.

About two weeks earlier, on June 15, he filed a lawsuit against Binance, alleging that the crypto exchange illegally sold UST to investors.

Posted 
Aug 29, 2022
 in 
Crypto News
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