Ripple’s CEO, Brad Garlinghouse, took to Twitter to deny recent explosive claims made by Crypto Leaks, an online publication focused on news related to corruption and fraud in the cryptocurrency ecosystem.
Crypto Leaks posted a note on Friday that contained a series of short videos from an unknown source. The note claimed that Ava Labs formed a secret pact with the law firm to use the US legal system “gangster-style” to “target and harm cryptocurrency projects.”
The same note also alleged that Ripple CEO Brad Garlinghouse financed a law firm to attack competing companies. The report said that Roche, who founded Roche Freedman, previously worked with Boies Schiller Flexner, a law firm that represented Ripple in its lawsuit against the United States Securities and Exchange Commission (SEC).
Roche allegedly approached Garlinghouse to invest in a law firm that would target competing crypto companies with lawsuits quite similar to what Ripple was facing at the time. And Kyle claimed that Garlinhouse accepted his proposal.
“For whatever reasons, Brad Garlinghouse invested in Kyle Roche and supported him on his current path, he certainly didn’t save him from the SEC.”
Ripple’s CEO used his Twitter account to deny any such accusation, stating that he “has never met or spoken with (let alone invested in) Kyle Roche.”
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. https://t.co/s5Qu91AV2Z pic.twitter.com/DjLZ0eSdbe
— Brad Garlinghouse (@bgarlinghouse) August 29, 2022
The recent series of Crypto Leaks allegations against Ava Labs and Brad Garlinhouse created quite a stir in the cryptocurrency industry, as both CEOs of the firm have denied any allegiance to Kyle Roche and his law firm.
The Ripple and XRP community was quick to come to the defense of the company’s CEO, with one user pointing out the flaw in the argument put forth by Crypto Leaks. The user noted that the claims were based on Kyle’s comments, which were later presented as fact without evidence.
“According to Kyle” pic.twitter.com/avIqcZRnNz
— Kevin Smith (@KJS_Brainstorm) August 29, 2022
“According to Kyle.”
While Garlinghouse denied having invested in a law firm that targets the competition, Ripple co-founder and CEO, Chris Larsen was infamously involved in the campaign to change Bitcoin’s code.
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