Ripple CEO comments on Crypto Leaks report, which stated that he and his company funded law firms to undertake legal actions against the competition.
Ripple CEO Brad Garlinghouse responded to Twitter to refute recent bombshell charges made by Crypto Leaks, an online newspaper concentrating on corruption and fraud in the cryptocurrency industry.
On Friday, Crypto Leaks issued a report including a series of brief films obtained from an undisclosed source. According to the article, Ava Labs had a secret agreement with the law firm to exploit the American legal system “gangster manner” to “target and damage crypto companies.”
According to the same source, Ripple CEO Brad Garlinghouse paid a law firm to attack competitors. According to the article, Roche, who created Roche Freedman, previously worked with Boies Schiller Flexner, a company that represented Ripple in its case against the US Securities and Exchange Commission (SEC).
Roche allegedly approached Garlinghouse about investing in a law company that would attack other cryptocurrency startups with litigation similar to the ones Ripple was experiencing at the time. Kyle further stated that Garlinhouse accepted his proposal.
“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.”
Ripple CEO moved to Twitter to refute the charges, saying he has never seen or spoken to (much less invested in) Kyle Roche. Ripple CEO comments on Crypto Leaks report in a Tweet below:
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 latest avalanche of charges made by Crypto Leaks against Ava Labs and Brad Garlinhouse caused quite a stir in the crypto world, as both CEOs of the business have denied any affiliation to Kyle Roche and his legal firm.
The Ripple and XRP communities were eager to defend the company’s CEO, with one user pointing out the fallacy in Crypto Leaks’ logic. The user pointed out that the assertions were based on Kyle’s words, which were then presented as facts without supporting evidence.
Kevin Smith, the aforementioned user stated in a Twitter thread:
“They start on one paragraph saying Kyle “claims” XYZ, then onto the very next paragraph stating it as fact. How does that help the credibility of the rest of that article???”
While Garlinghouse denied funding a law firm that targets rivals, Ripple’s co-founder and executive chairman Chris Larsen was notoriously active in the Bitcoin code modification effort.
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