Ousted Crypto Lawyer Opens New Firm After Ava Labs Scandal

Court documents show Kyle Roche intends to continue operating as a lawyer in the crypto space following the Ava Labs scandal

article-image

Source: CryptoLeaks

share

key takeaways

  • Kyle Roche is now associated with a new law practice based in New York
  • Roche will represent KeyFi CEO Jason Stone in an ongoing lawsuit against Celsius

Kyle Roche, the embattled crypto lawyer at the center of a high-profile exposé outing him for a secret pact with Ava Labs, was recently dropped by the law firm he co-founded.

Now, he’s single-handedly started a new firm — and working with an old client.

“I’ve established a new solo practice called Kyle Roche P.A.,” he told Blockworks in an email on Friday.

The lawyer is a legal representative for Jason Stone, CEO of staking software and strategies firm KeyFi, in an ongoing lawsuit against bankrupt crypto lender Celsius for alleged market manipulation. 

At the time KeyFi’s complaint was filed, Roche was still a partner at law firm Roche Freedman. 

A notice of change of firm filed Thursday shows updated contact information for Roche, who is now piloting his own professional association in New York.

“Please take notice that Jason Stone and KeyFi, Inc., hereby notify the court and all parties of record that Kyle W. Roche, who is admitted to practice in this court, is now associated with Kyle Roche P.A,” the attorney said in the filing.

Roche Freedman rebrands in wake of Ava Labs scandal

Confirmation of Roche’s new gig comes right after he was ousted from his old practice, where he no longer holds equity.

“We are focused on continuing to provide our clients with top quality representation and are proud of the firm’s accomplishments to date. We wish Kyle the best in his future endeavors,” a spokesperson for the firm told Blockworks.

That outfit, formerly called Roche Freedman, has now rebranded to Freedman Normand Friedland.

Roche’s role there came under severe strain following allegations he was involved in a secret pact with Ava Labs, the developer of the Avalanche blockchain. 

Roche, working as a lawyer for Roche Freedman, allegedly agreed to pursue class-action lawsuits against Ava Labs’ competitors in order to gain sensitive information and divert scrutiny away from the crypto company.

In secretly recorded videos, Roche described himself as Ava Labs’ in-house crypto expert and claimed his skills were directly attributable to his pursuit of lawsuits against “half the companies in this space.”

Both Roche and Ava Labs have denied the allegations, claiming they are “categorically false.” Even so, Roche subsequently withdrew as an attorney from multiple lawsuits and Roche Freedman was booted from a class action against stablecoin issuer Tether.

It isn’t clear yet whether Roche is representing other companies, apart from KeyFi, as legal counsel. The attorney didn’t return Blockworks’ request for comment by press time.

This report was updated on Oct. 21 at 9:41 am ET to include Kyle Roche’s comment.


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Top Icon.png

Research

Osmosis thrived in H2 2023 on the back of increased DeFi activity deriving from recently launched Cosmos-related projects and better market conditions. With new value accrual mechanisms for the native token, Osmosis is well-positioned to continue its strong performance in 2024.

/

article-image

Though the opposing flow trend is likely to slow over time, industry watchers note, bitcoin fund assets could one day eclipse the $90 billion gold ETF space

article-image

Celestia had the first mover advantage. EigenDA has staked ether. What sets Avail apart?

article-image

Bitcoin moved 1% higher Monday morning in New York, Matrixport analysts say $62,000 could happen next month

article-image

It’s hard to believe right now that crypto — even with all of its flexibility and massive capabilities — could ever be like cash on the internet

article-image

Michael Saylor announced Monday morning that MicroStrategy bought 3k more bitcoin after the X account was compromised over the weekend

article-image

Plus, Pudgy Penguins grows its brand and a group of Autoglyphs sell for $14.5 million