Ripple CEO Comments On Crypto Leaks, Bans Law Firm Funding To Target Others

Ripple CEO Brad Garlinghouse has taken to Twitter to refute claims of the latest explosion by Crypto Leaks, which has focused on news related to corruption and fraud.

CryptoLeaks published a report on Friday containing a series of short videos from an unknown source. The report states that Ava Labs has entered into a secret agreement with a law firm that uses the “gangster style” of the US legal system to “attack and harm crypto organizations.”

The same report also alleged that Ripple CEO Brad Garlinghouse funded a law firm to target rival firms. The report said Roche, which founded Roche Friedman, was working with Boyce Schiller Flexner, who previously represented Ripple in its lawsuit against the United States Securities and Exchange Commission (SEC).

Roche is said to have approached Garlinghouse about investing in a law firm targeting rival crypto companies in a lawsuit similar to the one Ripple faced at the time. And Kyle Garlinhaus said he agreed with his suggestion.

“For whatever reason Brad Garlinghouse invested in Kyle Roche and supported him on his current path, he certainly didn’t save him from the SEC.”

Ripple’s CEO took to Twitter to deny such allegations and said: “I have never met or spoken to Kyle Roche (much less invested in it).”

Crypto Leaks’ recent allegations against Ava Labs and Brad Garlinhaus have caused an uproar in the crypto industry as both CEOs have denied loyalty to Kyle Roche and his law firm.

Related: Ripple CTO hits back at Vitalik Buterin for his dig at XRP

The Ripple and XRP community quickly came to the defense of the company’s CEO, a user pointed to the flaw in the argument presented by Crypto Leaks. The user pointed out that the claims were based on Kyle’s comments, which were later presented as evidence.

Garlinghouse has denied investing in a law firm that targets competitors, but Ripple founder and executive chairman Chris Larson was most famously involved in the campaign to change Bitcoin’s code.