Crypto Twitter Reacts to Avalanche Whistleblower

Crypto Twitter Reacts to Avalanche Whistleblower, Ted Cruz Visits Crypto Mine

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-Crypto prices this week were again underwhelming across the board.

-A self-proclaimed crypto whistleblowing site called Crypto Leaks last weekend published a lengthy and damning expos of a lawyer employed by Avalanche called Kyle Roche.

-The report includes clips from undercover videos of Roche at two separate meetings, in which he confesses to having deep vested interests in Avalanche, through owning both a percentage of the token supply and significant shares.

-Roche confessed to regularly suing Avalanches competitors because, through a quirk in the American legal system, litigation opens up a process called discovery where Roche, the suer, can get access to the target companys confidential accounts, commercial data, email, Slack, social media communications, and much more, while financially hobbling the defendants and diverting their attention and resources away from positive blockchain projects.

-Immediately after the leak, Roche pulled out of lawsuits against Binance, Tether, and many other crypto companies.

-By the start of the weekend, the price of Avalanche dropped 10% in seven days; today its still the weeks biggest loser among the top 60 cryptocurrencies.

-Ari Paul, CIO of crypto investment firm Blocktower, was not surprised by the allegations.

-Binance CEO Changpeng “CZ” Zhao shared Avalanche CEO Emin Gn Sirers official response to the allegations. CZ also wrote some tweets referencing the leak that he later deleted.

-Sirers official statement downplays the extent of Roches actual involvement in Avalanche. Sirer also claims that Roches lawsuits were filed without Avalanches knowledge, and that Roches firm, Roche Freedman, is one of more than a dozen law firms we employ for matters relating to tax, corporate, regulatory, and human resources.

-That same day, Roche himself tweeted a Medium post dismissing the Crypto Leaks article as numerous unsourced false statements and illegally obtained, highly edited video clips that are not presented with accurate context.

-Finally, when Decrypt broke the news later in the week that Roche had pulled out of a lawsuit against Binance, CZ was upset to see his exchange dragged into the dispute.

-In other lawsuit news, Washington DC Attorney Karl Racine announced he was suing Bitcoin whale Michael Saylor and his cloud software company MicroStrategy for allegedly evading state income taxes by claiming he was a Florida resident (which doesnt have income tax), despite spending most of the year in Washington.

-NFT Twitter

-Bored Ape Yacht Club made its worldwide TV debut Sunday night at the MTV Video Music Awards in a metaverse-hosted performance by rap icons Eminem and

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