Avalanche is a high throughput smart contract blockchain platform. Validators secure the network through a proof-of-stake consensus protocol. It is said to be fast, low cost, and environmental friendly.
GameFi’s project, Trident, opted for another blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. even as the lawyer involved in the scandal, Kyle Roche, has also rejected the allegations.
- Avalanche ecosystem is affected by the accusations.
- Report accuses Ava Labs of acting against crypto competitors.
- The lawyer involved, Kyle Roche, broke his silence on Monday.
- The CEO of Ava Labs had already rejected the report outright.
The ecosystem of Avalanche is suffering from the effects of a controversial report which accuses the company of development, Ava Labs , de dirigir esfuerzos en contra de organizaciones rivales del criptoespacio.
The GameFi gameFi, better known as play-to-earn (P2E) games, is a rather new term in the field of both gaming and cryptocurrency industries. It references games that are designed with economic and financial aspects of blockchain and cryptocurrencies, enabling players to exert full control over their in-game assets to generate revenue. project, Trident announced that it has aborted plans to launch on the blockchain. Avalanche following the publication of the report in question on the site ‘. Crypto Leaks ‘. In a tweet on Sunday, the project said that in light of the allegations against Ava Labs has opted to launch on a Layer 2 network a network refers to all nodes in the operation of a blockchain at any given moment in time. of Ethereum a decentralized open-source blockchain with smart contracts functionality. . The medium CryptoBriefing he said.
In light of recent news, Trident will not be deploying to Avalanche as previously planned. Instead, we are taking Atlantis to Arbitrum.
In light of recent news, Trident will not be deploying on Avalanche as previously planned.
Instead, we take Atlantis to Arbitrum.
– Trident Ψ (@TridentDAO) August 28, 2022
Scandalous accusations against Ava Labs
As reported by DiarioBitcoin a self-styled whistleblower accused in the article a Ava Labs to have signed an agreement “ secret “with the law firmRoche Freedman to arrange litigation and classes of action against some rival digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. organizations. The deal allegedly included a million-dollar payment in tokens AVAX and corporate actions of Ava Labs .
According to the sensationalist article, which includes several videos whose source is unknown, the lawyer and partner of the firm, Kyle Roche, has allegedly agreed to attack the competitors of Avalanche like Dfinity y Solana . The strategy was based on creating a negative image of the organizations in order to divert the eyes of regulators away from Avalanche. The report also suggests that Roche and the CEO of Ava Labs Emin Gün Sirer, had a close refers to the closing price; similar to the same term used in stock trading. relationship.
After the rumors spread a price difference between asking and selling prices of the asset. among the community, Sirer went to the Twitter for reject The allegations were rejected outright. In a tweet on Sunday described the article as a “conspiracy theory nonsense” and assured that Ava Labs “would never engage in illegal, unethical, and just plain wrong behavior.”
The CEO ofRippleBrad Garlinhouse, who is also smeared in the report with similar accusations of efforts to harm cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. competitors, responded in kind by denying the allegations. Garlinhouse said he has never had any contact with Kyle Roche, contrary to the report’s claims.
Lawyer Kyle Roche rejects the report
Roche se hizo eco de las respuestas de los directores ejecutivos implicados, rompiendo el silencio y manifestando su desacuerdo con el informe de ‘ Crypto Leaks ‘.
In a blog entry today, the lawyer asserted that the article contains ” numerous unsourced false statements and heavily edited video clips “that are out of context. While indicating thatRoche Freedman has represented Ava Labs from 2019, as the article suggests, denied the existence of a ” secret agreement “ to attack or harm other crypto organizations.
Roche also explained that some of the videos were recorded without his consent during private meetings with Christen Ager-Hanssen, who now works for Dominic Williams, the maker of ICP Token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. . He added that Ava Labs is not linked to any of the class action lawsuits that bear someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.” his signature against several cryptocurrency companies.
In all my dealings with Emin Gün Sirer and the rest of the Ava Labs team, they have always acted with the utmost integrity. I have never been asked to do anything shady, illegal or ethically questionable, and I never would.
AVAX affected by the controversy
Some members in the community still have doubts about the veracity of the allegations, especially in light of the videos in which Roche is clearly shown talking about his link with Ava Labs.
It is worth noting that, in its response today, Roche did not explain its comments about how it allegedly helps Ava Labs to evade regulatory oversight by the U.S. Securities and Exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Commission (SEC) and other regulators, nor did he share details of the compensation he received from the SEC.Rocheman Freed for representing Ava Labs as pointed out byCrypto Briefing.
The ecosystem of Avalanche seems to be affected by the controversy, with investors bearing the brunt. The price of AVAX slid more than 20% over the weekend after settling above $23 on Friday. The digital currency fell as low as $17, although it has recovered slightly this day and, at the time of writing, is trading around $19.
In the meantime, some users of Twitter have criticized Trident for its decision, which some see as unjustified, to switch blockchain despite the fact that both Sirer and Roche have denied the accusations.
- Crypto Leaks’ accuses Ava Labs and Brad Garlinghouse of leading efforts to harm competitors
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Article by Hannah Estefania Perez / DiarioBitcoin
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