AVAX dropped to the lowest since July 13 on Monday after a self-described "whistleblower" website accused Ava Labs, the company behind its parent smart contract blockchain Avalanche, paid lawyers to hurt competitors and keep regulators at bay.
On Friday, Crypto Leaks, a self-proclaimed whistleblower, published a report saying some years ago, New York-based Ava Labs focused on developing Avalanche's ecosystem, and law firm Roche Freedman made a deal under which Freedman would collect confidential information of rival companies and trap them under class action lawsuits in return for massive amounts of AVAX tokens and Ava Labs corporate stock.
"We can reveal that the pact directs Roche Freedman and their leader Kyle Roche, to: 1) use the American legal system - gangster style - to attack and harm crypto organizations and projects that might compete with Ava Labs or Avalanche in some way, 2) sue crypto industry actors generally with the aim of creating magnets for regulators such as the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...