Ava Labs CEO Denies Crypto Leaks ‘Conspiracy Theory’

Ava Labs CEO Emin Gün Sirer denied the allegations that Ava Labs “used legal tricks” shortly after, confirming that it was not involved in any illegal actions, at the same time, declaring that Crypto Leaks’ argument is baseless.

On Friday, CryptoLeaks produced a series of candid videos apparently depicting U.S. Attorney Kyle Roche of Roche Freedman LLP outlining his partnership and friendship with Emin Gün Sirer and Kevin Sekniqi, the CEO and COO of Ava Labs, respectively.

After the alleged information about Crypto Leak’s Avalanche platform, Emin Gün Sirer also spoke up to deny it before being turned away by the community:

In addition, a section of the community found an article from attorney Lee A. Schneider and general counsel for Ava Labs, published in June with content focused on arguments. rejects the conditions of the Howey Test to refer to Solana as security. Accordingly, Mr. Lee A. Schneider stated as follows:

Although Mr. Lee A. Schneider’s article was published first, on July 6, Mr. Kyle Roche and the law firm Roche Freedman still filed a lawsuit against Solana.

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 violated U.S. Federal Securities laws by marketing unregistered securities to U.S. investors.

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

Currently, Ava Labs has not had any further feedback, CoinCu will continue to update readers with more information as soon as possible about this event.

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