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Ripple CEO Comments on CryptoLeaks Allegations 

| Updated
by Kofi Ansah · 3 min read
Ripple CEO Comments on CryptoLeaks Allegations 
Photo: Collision Conf / Flickr

CryptoLeaks revealed that Roche, who is accused of executing Ava Lab’s dirty work, also allegedly represented Ripple in a lawsuit that claimed that XRP was an unregistered security. 

Ripple CEO Brad Garlinghouse has denounced any involvement in allegations made by crypto whistleblower site CryptoLeaks. Earlier on Friday, CryptoLeaks published a blog post that accused Ava Labs CEO Emin Gun Sirer of conniving with a US law firm to use the American legal system to hurt its competitors.

The post stated that Ava Labs allegedly joined forces with Roche Freedman to target rival blockchains with lawsuits, which saw the firm allegedly receive a substantial number of AVAX tokens in exchange for its services.

The CEO of Ava Labs, Emin Gün Sirer, has, however, denied any knowledge of or involvement in the alleged claims by CryptoLeaks, labeling them as “conspiracy theory nonsense.”

CryptoLeaks also revealed that Roche, who is accused of executing Ava Lab’s dirty work, also allegedly represented Ripple in a lawsuit that claimed that XRP was an unregistered security.

Roche, who founded Roche Freedman, had previously worked with the firm Boies Schiller Flexner, which was representing Ripple in its legal battle with the US Securities and Exchange Commission (SEC) at that time.

Roche and his law firm allegedly persuaded Garlinghouse to become his ”angel investor,” in a law firm that would target blockchain competitors with lawsuits similar to what Ripple was facing at the time.  The Ripple CEO has, however, unequivocally denied any involvement in the alleged claims.

“For whatever reasons Brad Garlinghouse invested in Kyle Roche and supported him on his current path, it certainly didn’t save him from the SEC,” the blog post read.

“Can’t comment on the validity of the slew of allegations in here, but I can unequivocally say that I have never met or spoken to much less invested in Kyle Roche,” Garlinghouse wrote on his Twitter page.

Ripple and the XRP community have jumped to the defense of the company’s CEO, arguing that there are flaws in the claims put forward by CryptoLeaks. The XRP community has also challenged the crypto whistleblower to back its claims with proof.

Ripple has been in a legal battle with the SEC since December 2020, after the SEC filed a lawsuit against the company for allegedly selling unregistered securities, claiming that XRP is a security rather than a commodity.

Co-founders of the company, Brad Garlinghouse, and Chris Larsen, were also accused of illegally raising $1.8 billion by selling the token.

Speaking recently at the Paris Blockchain Week Summit, Brad Garlinghouse reed that the lawsuit has gone exceedingly well, much better than the firm could have hoped when it began in 2020.

Altcoin News, Blockchain News, Cryptocurrency news, News, XRP News
Kofi Ansah
Author Kofi Ansah

Crypto fanatic, writer and researcher. Thinks that Blockchain is second to a digital camera on the list of greatest inventions.

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