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Ripple CEO Denies Rumors Related To Avalanche Drama

Ripple CEO Brad Garlinghouse has refuted recent claims made by Crypto Leaks regarding the Avalanche drama.

The incident stemmed from the drama between Crypto Leaks and the Avalanche platform that broke out earlier this week. Accordingly, Crypto Leaks presented evidence accusing Avalanche of playing a bad role behind many rival projects, including Binance, causing the AVAX price to be strongly affected.

Among the evidence and arguments using the AVAX attack, Crypto Leaks also accused Ripple CEO Brad Garlinghouse of funding the law firm Roche Freedman to target competitors.

The report also revealed that Kyle Roche is currently working with Boies Schiller Flexner, a firm representing Ripple, in a lawsuit against the US Securities and Exchange Commission (SEC) over XRP as a security.

The Crypto Leaks attack against Ava Labs and the Ripple CEO created a lot of buzz in the crypto industry. The founder of Avalanche was criticized by the public, although he explained the whole truth soon after.

Ripple CEO also officially posted on his personal Twitter to deny the above allegations, asserting that he has never met, participated in discussions with Kyle Roche, and invested money in the law firm Roche Freedman.

After verifying Ripple CEO, the XRP community quickly stood up to defend the company leader. They pointed out the flaw in Crypto Leaks’ argument, all information was based on Kyle’s comments, then presented as a personal quote without concrete evidence.

Currently, it is not possible to confirm the fact as reported by Crypto Leaks or not, but Avalanche seems to be regaining confidence from the community when the AVAX price rebounded strongly from yesterday.

AVAX daily chart. Source: CoinCu

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.