Ava Labs And Roche Freedman Fire back, AVAX Shakes Off Losses
It’s been a tough year for the once powerhouse trio ‘SoLunAvax’ – the often mentioned term to reference popular L2s Solana, Luna, and Avalanche. Luna, of course, saw its downfall in recent months and has crumbled to a fraction of what it once was. Solana has still yielded strong growth, but not without its challenges […]
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The CEO’s comments come after a CryptoLeaks blog post alleged that Ava Labs had a "secret pact" with a U.S. law firm to sue competitors in exchange for AVAX tokens and equity. Ava Labs CEO Emin Gün Sirer has dismissed sensational allegations from CryptoLeaks that his company used litigation to “harm” competitors and fool regulators, labeling it as “conspiracy theory nonsense.”Sirer made the comments in an Aug. 28 Twitter post to his 280,500 followers, referring to an Aug. 26 article from CryptoLeaks alleging the company formed a “secret pact” with U.S. law firm Roche Freedman to use the....
Bitfinex and Tether’s legal representatives also want the law firm to return or destroy all defendant-issued documents and confirm they haven't been shared. USDT-issuer Tether wants law firm Roche Freedman “terminated” as counsel from the Bitfinex and Tether class action lawsuit following a motion from Kyle Roche to be removed as counsel in the case.In an Aug. 31 court order request by Elliot Greenfield of Debevoise & Plimpton LLP, the law firm representing Tether and Bitfinex requested that Roche’s law firm be removed from the case entirely and to certify that they’ve returned or....
AVAX's recovery aligns with similar upside moves across the top-ranking crypto assets. Avalanche (AVAX) bulls snubbed the sensational claims made by a self-proclaimed whistleblower website that the project's parent firm, Ava Labs, paid lawyers to damage its competitors' reputation.Avalanche price recovers from serious allegationsAVAX's price established an intraday high of $19.75 on Aug. 30, two days after bottoming out locally at $17.50, amounting to a 15% rise. The token's modest recovery followed selloffs incurred by a sensational CryptoLeaks report.️ #Avalanche is the top rising topic....
Lawyer Kyle Roche previously withdrew as counsel on several crypto class-action lawsuits, including the Tether and Bitfinex Crypto Asset Litigation. The fallout from the leaked Kyle Roche videos has continued after two law firms submitted a document to the court asking that his law firm Roche Freedman be removed as interim co-lead from the Tether and Bitfinex Crypto Asset Litigation.Roche Freedman are acting for plaintiffs in the class-action lawsuit initiated in 2019 alleging Tether and Bitfinex manipulated the crypto market by issuing unbacked USDT. Kirby McInerney LLP (Kirby) and Radice....
After a Manhattan federal judge blasted Roche Freedman LLP founding partner Kyle Roche’s public statements, the judge has removed the crypto boutique law firm from the market manipulation lawsuit against Tether and Bitfinex. The recent hearing has shown that U.S. district judge, Katherine Polk Failla, believes the litigation process could be derailed. She further stressed that “the metaphorical baggage” Roche Freedman carries “is not in the best interests of the class.” Judge Boots Roche Freedman From Class Action Lawsuit Against Tether and Bitfinex At the end of August, the Roche....