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Crypto whistleblower leaks major scandal
Leaked video footage exposes Avalanche, but how guilty are they?
Build in Bear
September 01, 2022
This is Web3 Seems Legit, the newsletter that gives you all the latest dirt in crypto in 5 minutes or less so you don't have to go digging yourself.
In this issue, we're dishing you the details on these stories:
AVA Labs gets caught in a shady conspiracy. A whistleblower known as CryptoLeaks releases video clips of law firm Roche Freedman allegedly admitting to suing competitors for AVA Labs. Scandalous.
BAYC NFT goes mainstream at the VMA awards. Snoop Dog and Eminem give an iconic performance to remember featuring the Bored Apes Yacht Club NFT. But not everyone was a fan.
OpenSea trading volume is down 99%...so they say. Fortune Magazine published a FUD story reporting that the NFT marketplace is down bad.
AVA Labs gets caught in a shady conspiracy
In a "Project Veritas" style leak, incriminating video footage has leaked exposing popular blockchain project, Ava Labs of intentionally colluding with a law firm to sue their competitors.
For those wondering what this is all about -
TLDR: Allegedly, Ava Labs bought out a law firm with 1% of the AVAX supply so that the law firm stages litigations and class action law suits against competitors such as Solana and dfinity, as well as Emin's personal enemies
— Swagtimus.eth🦇🔊L2'22 (@Swagtimus)
9:49 PM • Aug 28, 2022
But not everyone is convinced. Yes, the video clips don't look good, but they could also be edited and taken out of context. Some other conspiracy theorists also think this was leaked by ICP, another fellow blockchain project sued by Ava Labs 😵💫.
Some thoughts on Roche Freedman (RF), Ava Labs and the Crypto Leaks article.
TLDR: It's just some noise and cheap shots that try to find the conclusion the publisher created.
— Griffin McShane (mcshane.eth) (@US_SupremeShort)
7:38 PM • Aug 29, 2022
Meanwhile, the accused parties Ava Labs and law firm (Roche Freedman) have put out statements denying the allegations. Our take: just drop the raw, unedited video and put the theories to rest 👨⚖️.
BAYC NFT goes mainstream at the VMA awards
Whether you liked the performance or thought it was cringe, the fact that two major celebrities promoted NFTs in a live television performance should be a win for us...
Full performance of Snoop Dogg & Eminem featuring Bored Ape Yacht Club at the #VMA’s.
— Watcher.Guru (@WatcherGuru)
3:28 AM • Aug 29, 2022
But people can be hard to please 🤷.
The reaction to Eminem and Snoop Dogg’s VMA performance is more positive than I thought it would be.
— Degentraland (@Degentraland)
2:58 PM • Aug 29, 2022
This goes to show that in web3, the boss in charge is the community 🫡. Keep them happy and you'll win.
OpenSea trading volume is down 99%...so they say
Fortune Magazine recently published an article stating that OpenSea's trading volume is down 99% from all-time high. Sounds bad...except it isn't exactly the whole story 🤔.
3/
They used a single day to measure the change. Here is an image to show how ridiculous their “analysis” was. They cherry picked a single day in May that was 6x greater than the average between 3/1 and 6/30.— bkroberts.eth (@BKRoberts)
4:51 PM • Aug 30, 2022
Be careful of the headlines you read 👀.
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