The price of the public chain Avalanche AVAX -2.93% token AVAX has now fallen to 18.25, a drop of 8% in 24 hours. It is reported that the token fell as low as 17.92 this morning.
Earlier news, Cryptoleaks said that Ava Labs cooperated with law firm Roche Freedman to launch a large number of malicious lawsuits against competitors, including Binance, Solana SOL -0.60% Labs and DFINITY Foundation.
Later, Ava Labs founder Emin Gün Sirer responded that Ava Labs did not conduct malicious attacks on competitors.