Claims and Hidden Images About Avalanche (AVAX)

Summary of Avalanche and Claims

The Crypto Leaks team first argues, based on their available evidence, that the Avalanche network is centralized in many ways. However, the Foundation maintains that it assumes the management of the network and protocol and that Ava Labs has only paid developers. However, Ava Labs operates the majority of the network’s validator nodes and this information is not shared publicly.

Moreover, the biggest recipient of validator fees is Ava labs, and they probably own the majority of AVAX supply. At the same time, it is claimed in the report that Emin Gün Sirer worked incompatibly with the managers and that he could not be reached most of the time because he spent 6 months with his family in Turkey.

Finally, deficiencies in internal controls, corruption and lobbying expenses of tens of millions of dollars are also alleged.

Avalanche and Crypto Leaks Allegations

Fabio Barone, one of Ava Labs’ senior engineers in Latin America, is the person who built the central structure of the network. Drew Pierson was the Director of Communications at Ava Labs, working at the center of its operations, reporting directly to its founders, CEO Emin Gun Sirer, COO Kevin Sekniqi, and President John Wu.

Fabio Barone was the senior engineer at Ava Labs headquarters and was responsible for the establishment and operation of the Avalanche network. Barone says Ava Labs and its internal leadership are seeking further enrichment. AVAXHe claims in the videos that he turned a blind eye to the centralization of .

“Ava Labs appears to have used its vast trove of AVAX tokens held for insiders and venture capitalists to add numerous validator nodes (“servers”) to the network in order to make money for itself.

“The centralization of AVAX tokens within Ava Labs, combined with the large number of validators they operate, appears to allow them to control the network.”

So what are the risks of centralization?

• In US and EU regions AVAXIt may cause it to be classified as a security.
• The network may lose traction because it is less secure than public blockchains.
• The community, users and the press may be being deceived if the allegations are true.
• AVAX centrality is a big risk for price manipulation.

There is a lot in the details of the allegations.

• It was not known who the founders of Stars Arena really were or where they lived. However, Emin Gün Sirer openly declared his support by saying “I vouch for this team”. Then there was a $3 million hacking incident.
• A basketball player named Dwight Howard shared that he was going to the Avalanche to start a project. The founder retweeted this. However, it later turned out that the account was hacked.
• Smear propaganda was made about Polygon with unfounded claims.
• It is claimed that Avalanche’s Sports Illustrated ticketing partnership does not mean the sale of tickets over the network, and that this partnership is designed for advertising by paying money.

And much more. To all this Avalanche‘s answers are curious because the allegations based on former employees such as Pierson and Barone are demoralizing.