Crypto Leaks Shares Damning Accusation on Ripple And Ava Labs

Brad Garlinghouse, the CEO of blockchain payments firm Ripple Labs Inc, has denied the allegations levied against him in connection to Kyle Roche’s firm.

It was alleged that Kyle Roche met with Brad to persuade him to invest in a law firm. According to the allegations, the law firm will focus on other competitors with smaller lawsuits of which Ripple is charged within the United States. 

Particularly, on Friday Crypto Leaks published a report insinuating that Ava Labs entered into a confidential arrangement with the law firm to “use the American legal system gangster style to attack and harm crypto organizations.” 

It was in the same report that several short videos of recorded statements from Kyle levied Ripples with the accusations. 

As part of Crypto Leaks’ claim, Roche the founder of Roche Freedman LLP was a previous employee of Boies Schiller Flexner. Boies Schiller Flexner is Ripple’s legal representative in a lawsuit against the United States Securities and Exchange Commission (SEC). 

Crypto Leak Allegations Has Been Denied

In response, Brad denied ever meeting with the U.S attorney Kyle and entering an agreement with him. He took to Twitter to make his position known, he vehemently denied investing in Kyle Roche’s business idea. 

https://mobile.twitter.com/bgarlinghouse/status/1564048289661534210

Conversely, Kyle claims that when he presented Brad with his proposal to invest in the law firm, Brad jumped on the offer. 

In like manner, Emin Gün Sirer of Ava Labs also refuted the accusations of employing gangster style to harm crypto firms. Instead, Ava Labs’ regards Crypto Leaks’ claims of a secret pact as “conspiracy theory nonsense.”  

Many crypto giants have expressed their displeasure as it concerns the series of accusations dropping up from the crypto whistleblower Crypto Leak. Changpeng Zhao, popularly called CZ who is the CEO of Binance tweeted about how the allegations were ‘wild’. 

He thinks that the video could be doctored and fake. Shortly after he made his position known, he deleted the tweet. The reason for his action is yet to be disclosed.

Meanwhile, Ripple Labs is still facing charges with the United States SEC over the veracity of the XRP coins it sold as securities. The regulator argues that the XRP falls under the umbrella of unregistered securities.