Thursday, December 8, 2022
 

Crypto Lawyer Pulls Out of Lawsuits Against Tether, Binance & Others

  • Lawyer Kyle Roche has withdrawn from multiple class action lawsuits against Binance and other significant crypto businesses.
  • The new actions came after a series of indictments in a leaked conversation.
  • The high-profile attorney said the videos are part of a deliberate scheme to intoxicate and exploit him.

According to reports, prominent crypto lawyer Kyle Roche has withdrawn from multiple class action lawsuits against Binance and other significant crypto businesses days after tapes about his supposed interactions with crypto clients were hacked.

Roche handled the proceedings against Tether, Bitfinex, Tron Foundation, HDR Global Trading (which conducts business as BitMEX), and Binance before the scandal.

In detail, whistleblower website Crypto Leaks published recordings in which Roche discusses his intimate association with Ava Labs, the organization that created the Avalanche blockchain. According to the website, Roche was bribed to harm Avalanche rivals like Solana.

Roche responded to the allegation on Monday that the recording “contains numerous unsourced false statements and illegally obtained, highly edited video clips that are not presented with accurate context” and was a part of a “planned strategy to intoxicate, and then exploit” him.

 He further clarified:

My firm has represented Ava Labs since 2019. Contrary to what is presented in the recent unsourced posting by Crypto Leaks, there is not, and never has been, a “secret pact” between my firm and Ava Labs. We vigorously deny any allegations of impropriety. Our work with Ava Labs is focused on defense side cases typical of any large corporation.

Likewise, Ava Labs’ founder and CEO Emin Gün Sirer called Roche’s assertions in the video “false claims” in a statement released on Monday. Sirer also denied having any other connection to Roche aside from the lawyer’s representation of the business in legal disputes and a personal libel case involving Sirer.

  • Lawyer Kyle Roche has withdrawn from multiple class action lawsuits against Binance and other significant crypto businesses.
  • The new actions came after a series of indictments in a leaked conversation.
  • The high-profile attorney said the videos are part of a deliberate scheme to intoxicate and exploit him.

According to reports, prominent crypto lawyer Kyle Roche has withdrawn from multiple class action lawsuits against Binance and other significant crypto businesses days after tapes about his supposed interactions with crypto clients were hacked.

Roche handled the proceedings against Tether, Bitfinex, Tron Foundation, HDR Global Trading (which conducts business as BitMEX), and Binance before the scandal.

In detail, whistleblower website Crypto Leaks published recordings in which Roche discusses his intimate association with Ava Labs, the organization that created the Avalanche blockchain. According to the website, Roche was bribed to harm Avalanche rivals like Solana.

Roche responded to the allegation on Monday that the recording “contains numerous unsourced false statements and illegally obtained, highly edited video clips that are not presented with accurate context” and was a part of a “planned strategy to intoxicate, and then exploit” him.

 He further clarified:

My firm has represented Ava Labs since 2019. Contrary to what is presented in the recent unsourced posting by Crypto Leaks, there is not, and never has been, a “secret pact” between my firm and Ava Labs. We vigorously deny any allegations of impropriety. Our work with Ava Labs is focused on defense side cases typical of any large corporation.

Likewise, Ava Labs’ founder and CEO Emin Gün Sirer called Roche’s assertions in the video “false claims” in a statement released on Monday. Sirer also denied having any other connection to Roche aside from the lawyer’s representation of the business in legal disputes and a personal libel case involving Sirer.

 

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