CryptoLeaks, a crypto group claiming to expose corruption in the industry, made some serious claims against Ava Labs. Ava Labs is the parent company of the Avalanche blockchain, a serious competitor to Ethereum.
However, some experts fear that the Avalanche expose might be paid propaganda by ICP. Dfinity is the parent company of ICP blockchain.
Avalanche prices have fallen by 17% in the last week and by 8% in the last 24 hours.
What Is The Allegation Against Avalanche
CryptoLeaks has accused Ava Labs, the parent company of AVAX, to engage in anti-competitive practices. It alleges that Ava Labs made a concerted effort to hurt its competitors and avoid any form of regulation.
The allegations also mention the New York-based law firm, Roche Freedman. Freedman is alleged to have collected sensitive data against AVAX competitors and trapped them in lawsuits. In return, they received a huge amount of AVAX tokens and Ava Labs stock.
