Ripple CEO Brad Garlinghouse Denies Accusations From Crypto Leaks

August 31, 2022 4:01 pm Comments

Ripple CEO Brad Garlinghouse recently took some time to deny some claims that were made by Crypto Leaks publicly on Twitter.

Crypto Leaks is known as an online publication that mainly focuses on corruption and fraud events that happen within the crypto industry.

The publication had recently released a report using unknown sources to claim that Ripple CEO Brad Garlinghouse had funded a law firm to target competitor firms.

The claim was of course denied as it would be unlikely for Ripple to do this given that they are actually the victims of a current lawsuit themselves by the SEC.

CoinTelegraph reports:

Crypto Leaks published a report on Friday containing a series of short videos from an unknown source. The report claimed that Ava Labs formed a secret pact with the law firm to use the American legal system “gangster style” to “attack and harm crypto organizations.”

The same report also alleged that Ripple CEO Brad Garlinghouse funded a law firm to target competitor firms. The report claimed Roche, who founded Roche Freedman, was working with Boies Schiller Flexner, a firm that was representing Ripple in its lawsuit against the United States Securities and Exchange Commission (SEC).

Roche allegedly approached Garlinghouse to invest in a law firm that would target competitor crypto firms with lawsuits quite similar to what Ripple was facing at the time. And Kyle claimed that Garlinhouse agreed to 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.”
ThRipple CEO took to Twitter to deny any such allegations and claimed that he has “never met or spoken to (much less invested in) Kyle Roche. “

These allegations from Crypto Leaks has so far attracted a lot of attention within the crypto community as many criticized the publication for publishing a report that does not have any proven sources.

Garlinghouse has already denied all claims of such a strategy which makes sense given that Ripple has no need to win through litigation in the first place.

As it stands right now, demand for Ripple’s On-Demand Liquidity service continues to skyrocket outside of the US.

As a result, many have responded to CryptoLeak’s report and have pointed out multiple flaws in their argument where it used comments as facts without proof.

DailyHodl reports:

Regarding the allegations that Garlinghouse was an angel investor in Roche Freedman, crypto legal expert Jeremy Hogan says that a law firm accepting investments from non-lawyers constitutes extremely unethical behavior, and therefore the claims are unlikely.

“It would be completely unethical for a law firm to have a non-lawyer investor. So, fake news, unless Mr. Roche doesn’t care about his law license…”

Ava Labs founder and CEO Emin Gun Sirer, who was also named in the Crypto Leaks report, says that the allegations are “conspiracy theory nonsense”.

“How could anyone believe something so ridiculous as the conspiracy theory nonsense on Crypto Leaks? We would never engage in the unlawful, unethical and just plain wrong behavior claimed in these self-serving videos and inflammatory article. Our tech & team speak for themselves.”

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