CryptoLeaks Claims Are “Conspiracy Theory Nonsense”, Says Ava Labs CEO

Daniel Attoe
Daniel Attoe

Updated · Aug 29, 2022

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Emin Gün Sirer tanked allegations made last week that linked him to attacks on other cryptocurrency companies.

“Ridiculous” Accusations

Ava Labs CEO Emin Gün Sirer has brushed away strong allegations that his firm leveraged a secret pact with a US law firm to pursue litigation against competitors and fool regulators. Sirer tagged it as “conspiracy theory nonsense”.

CryptoLeaks, an organization created to “defend honest crypto communities”, made the allegations on Friday. According to the body, Ava Labs has been harnessing the American legal system in a “gangster style” to “attack and harm crypto organizations”.

It published a series of videos showing US Attorney Kyle Roche of Roche Freedman LLP explaining the firm’s connections with Sirer and Ava Labs’ COO Kevin Sekniqi. The source of the video is not known.

CryptoLeaks alleges that the partnership involved the blockchain company handing over shares and AVAX – the Avalanche platform’s native token.

“A pact was formed that involved Ava Labs granting Roche Freedman a massive quantity of Ava Labs stock and Avalanche cryptocurrency (AVAX), now worth hundreds of millions of dollars, in exchange for Roche Freedman agreeing to pursue a hidden purpose,” the article says.

It adds that the plan also involved misdirecting US regulators like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Sirer was emphatic in denying the accusations, labeling them “ridiculous”.

“We would never engage in the unlawful, unethical, and just plain wrong behavior claimed in these self-serving videos and inflammatory article,” he said. “Our tech & team speak for themselves.”

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Daniel Attoe

Daniel Attoe

Daniel is an Economics grad who fell in love with tech. His love for books and reading pushed him into picking up the pen - and keyboard. Also a data analyst, he's taking that leap into data science and machine learning. When not writing or studying, chances are that you'll catch him watching football or face-deep in an epic fantasy novel.

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