The Avalanche Ecosystem (AVAX) is in the spotlight at the beginning of the week. And clearly, the media storm – and perhaps legal – that is brewing is no mere detail for the cryptocurrency industry. This even if the main people responsible for this great project are currently opening the airbags so as not to be buried under a pile of accusations, obviously presented as unfounded. A case to be taken with all the necessary precautions, between “conspiracy theory” and dubious competitive practices. Explanations …
The lack of control that the cryptocurrency industry enjoys only too rarely implies enlightened self-management of its internal practices. Because – between scams of all kinds and sterile speculations – the freedom claimed very often resembles the chaos with which too many people confuse it.. All this fueled by the digital fortunes promised to the most “daring”. And fierce competition whose unhealthy backstage seems worthy of the real economy.
A situation that the Avalanche (AVAX) project has just clashed with violence, under the blow of the accusations dropped over the weekend. The latter published and detailed in an article on the media CryptoLeaks – so far totally unknown to the battalion – incriminating videos in support. A face-to-face dossier that seems necessary to remain cautious. Because the origins of these accusations are as obscure as the practices reported. A case between “diabolical conspiracy with the law firm Roche Freedman” and “unethical” practices.
Ava Labs – Very special “Legal Services”
First, it seems important to clarify the context of this case. Because it involves the Avalanche project (AVAX) at the center, certainly the strongest, cryptologically correct and decentralized after the current leader Ethereum. And more precisely the Ava Labs structure in charge of community management and development. The latter accused of questionable competitive practices towards projects and personalities with policies that are considered (very) questionable. Especially in the case of Internet Computer (ICP), Craig Wright and the Alameda facility in connection with the FTX platform and the Solana (SOL) network. This is not an excuse or even a proof of innocence, but the picture still needs to be clearly defined.
Because in fact, the entire file is based on the statements of a certain Kyle Roche, a business lawyer and co-founder of the Roche Freedman LLP firm. This was during discussions obviously (or strategically) filmed without his knowledge, during which the topic of the Avalanche project was addressed., without however knowing how or from what angle to approach. The videos that allow you to listen to it reveal a more than ambiguous relationship with the structure of Ava Labs and more particularly the founder of this blockchain Emin Gün Sirer (identified as “Gün”). That about special “legal services” remunerated with large installments of AVAX cryptocurrencies estimated at several million dollars.
” We (with Emin Gün Sirer, ed) entered into an agreement, in which I agreed to provide legal services in exchange for a certain percentage of the token supply AVAX. “
AvaLeak – A “secret pact” of annoyance
More precisely, The Ava Labs facility reportedly paid Kyle Roche’s law firm to damage competing projects. This, however, if we consider that the latter is as serious as it claims. Because he introduces himself as an expert in the cryptocurrency industry, while he explains that Craig Wright (nicknamed fakoshi) would be the creator of Bitcoin. Namely, the Teenage Mutant Ninja Turtles are the best Avengers of all time (to give you an idea). OR his Bitcoin Satoshi Vision (BSC) is currently one of the top 5 cryptocurrencies… While she is in 48th place.
An accusation which then details how a “pact” at the origin of the definition of a “hidden objective” of voluntary damage to competitors in the cryptocurrency ecosystem. All piloted in the form of “personal vendettas” by Emin Gün Sirer, of which he would be a very close collaborator. And consequently, an increase in the value of the AVAX linked to the strategic exhaustion of competition in the context of repeated judicial proceedings. While at the same time attracting the graces of regulators (SEC and CFTC) you encourage us to look elsewhere.
” In the United States, when you sue an individual or a company, you can request access to their confidential accounts, company data, emails, and social media communications. And more, using a special legal process called “discovery”. It helps to explore the insides of each cryptographic activity. “
Ava Labs denies all allegations
charge this the founder of the Avalanche project, Emin Gün Sirer, refuses – of course – en bloc in a recent Twitter post. While affirming that the technology and the team behind the development of this blockchain “speak for themselves”. But will it be enough?
” How can anyone believe something as ridiculous as the absurdity of the CryptoLeaks conspiracy theory? We would never engage in illegal, unethical, and simply wrongful behavior claimed in these selfish videos and incendiary articles. Our technology and our team speak for themselves. “
Emin Gun Sirer
Because, while we must not overlook people’s ability to quickly forget this type of activity, very simple evidence can be provided. Like this amount estimated at 1% of the supply of the AVAX cryptocurrency that attorney Kyle Roche claims to have in his possession, or more than $ 50 million at the current price. This in the form of compensation paid for (very special) services rendered to Ava Labs. However, according to his legal team’s organizational chart, made public by Olta AndoniKyle Roche is nowhere to appear … A case to follow!
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