Binance CEO Describes Crypto Leaks Exposé on Ava Labs as ‘Wild’

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  • The CEO of Binance reacts to the Crypto Leaks report that alleges a secret pact between Ava Labs and Roche Freedman.
  • Binance was a Roche Freedman lawsuit target back in early June.
  • Ava Labs CEO dismisses the report, calling it “conspiracy theory nonsense.”

Following an explosive Crypto Leaks exposé on August 26, which uncovers an alleged “secret pact” between blockchain firm Ava Labs and U.S. law firm Roche Freedman to “hurt competitors,” the CEO of Binance calls the situation “wild.”

While Binance CEO Changpeng Zhao is not sure about the accuracy of the Crypto Leaks report, he entertained the idea of the videos not being fake.

Zhao recalled that his cryptocurrency exchange was targeted by Roche Freedman while the company is “not even a competitor.” In June, Roche Freedman LLP filed a lawsuit against Binance for supposedly engaging in the illegal sale of UST to investors.

Labeled “CASE #3” by Crypto Leaks, the story shares spy videos of Roche Freedman’s founding partner, Kyle Roche, confirming the law firm’s deal with Ava Labs. The candid recordings are described by Crypto Leaks as “hard evidence.”

The Crypto Leaks report reads:

We explain [the pact] with the help of words spoken by [Ava Labs CEO] Emin Gün Sirer’s own lawyer, Kyle Roche.

The exposé claims that Ava Lab’s pact with Roche Freedman directs the law firm to use the American legal system to harm crypto organizations and projects that compete with Ava Labs or Avalanche. Roche will also sue cryptocurrency industry actors to distract the Security Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).

Finally, the deal compels the law firm to “secretly pursue Emin Gün Sirer’s vendettas against individuals.”

Emin Gün Sirer, the CEO of Ava Labs, has denied the allegations, calling Crypto Leaks’ report a ridiculous “conspiracy theory nonsense.” He added, “We would never engage in the unlawful, unethical and just plain wrong behavior claimed in these self-serving videos and inflammatory article.”

AVAX is exchanging hands at $18.07, down by 9.4% in the last 24 hours. According to estimates by CoinMarketCap, the cryptocurrency’s market capitalization is also down by 9.45%.

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