Ava Labs have zero shame, please read this post to understand why they’re a parasite to all of crypto

By now I'm pretty sure none of us expect to be surprised by these centralized crypto companies being caught up in scandal after another, but this is a true exception. Ava Labs, the company behind Avalanche, seems to have lost the plot in a horrible way.

It all started with this tweet by CZ

The wreckoning begins

Curious about the contents of the link? Here's another screenshot

Absolutely zero shame

Basically, Ava Labs abused the American legal system. In August 2019, a newly farmed law firm called Roche Freedman moved into a co-working space with Ava Labs.

In exchange for Roche Freedman providing what Kyle calls "legal services", Ava Labs granted them massive amounts of AVAX and AVA Labs stock.

Kyle Roche says he was the very first person to receive Ava Labs stock after Andreessen Horowitz, a venture capitalist that provided their initial funding.

"So if Ava Labs was flush with cash having just received investment from Andreessen Horowitz, why did they need to pay for "legal services" in this way?

The answer is that they were not paying for normal legal services. The massive payments of AVAX and Ava Labs stock established a secret pact. This was so unusual, that it required the grant of assets that are worth hundreds of millions of dollars today."

The article provided by CZ has some highly confidential leaked videos. Kyle Roche, the guy who started out as a "crypto expert" for Ava Labs. But how, you might ask, could a lawyer be a "crypto expert" for a company that develops and promotes a blockchain? Kyle reveals that answer. He can contribute a special kind of expertise and knowledge — which he explains he has been able to obtain because he "sues half the companies in the space" and "seeing the insides of every single crypto company".

THEY RAN A TOTAL OF 25 CLASS ACTION LAWSUITS AGAINST SOME OF THE TOP PROJECTS IN THE SPACE, INCLUDING BINANCE, SOLANA LABS, AND THE DFINITY FOUNDATION. HOW IS THAT OKAY?

What about Emin?

Surely the "Cornell University professor" has a moral compass that limits him from using this power to perhaps sue individuals he doesn't like? Nope.

https://preview.redd.it/55mdwotlkjk91.png?width=1460&format=png&auto=webp&s=9524cafbe3d1b353960f23292780a6d65e461354

"What does this mean for Avalanche?"

Only time will tell, but for the time being it seems like the biggest names in the space are denouncing Ava Labs' actions.

Foobar is one of the most respected names in the space, this tweet alone is enough to cause irreparable damage

Last but not least, I'd like to remind you all that honesty is all that matters in the space. Put your money in projects that are honest, not ones that have to find loopholes to abuse an entire legal system to fight off competition. Blockchain companies sued don't deserve this, builders on Avalanche don't deserve this, and Avalanche holders most certainly don't deserve this. Their chart is speaking for itself, and hopefully this doesn't leave people holding bags of a blockchain trying to kill Ethereum with fake promises and lawsuits.

TLDR: Ava Labs, the company behind Avalanche, is using the dirtiest tactics possible to pump their bags and get rid of the competition. A fresh new leak exposes just how corrupt their actions were, and the entire crpyto space is disgusted with their actions.