Roger Ver denies claims he owes CoinFLEX $47 million USDC and said he had not defaulted on a debt to counter party and alleged the platform is the one that owed him a huge sum of money so let’s read more today in our latest cryptocurrency news.
Not mentioning CoinFLEX by name, Roger Ver denied the claims that he owed USDC to the platform regarding the $47M debt. Not mentioning CoinFLEX by name, he said he hadn’t defaulted on a debt to a counterparty and alleged the company owed him a huge sum of money. The denial followed rumors on social media that the BCH proponent was involved in the platform’s withdrawal halting due to a high net worth client who has holdings In most crypto companies not covering their debts.
Roger Ver owes CoinFLEX $47 Million USDC. We have a written contract with him obligating him to personally guarantee any negative equity on his CoinFLEX account and top up margin regularly. He has been in default of this agreement and we have served a notice of default.
— Mark Lamb 💪 (@MarkDavidLamb) June 28, 2022
The CEO Mark Lamb announced on Twitter that the company had a written contract with Ver obligating him to guarantee any negative equity on his CoinFLEX account and top up margin regularly. As per Lamb, CoinFLEX served Ver with a notice of default and was speaking to him on calls about the situation with the goal of resolving and claiming the company didn’t owe him anything. The CEO said:
“It is unfortunate that Roger Ver needs to resort to such tactics in order to deflect from his liabilities and responsibilities.”
The platform reportedly incurred $47 million in losses after being allowed to reach negative equity without being liquidated and it planned to fix the issue by issuing a new token Recovery Value with user withdrawals expected to resume on June 30.
As recently reported, CoinFlex is one of the few exchanges that froze its customer withdrawals this month as it is facing an ordinary liquidity crunch. CEO Mark Lamb claims that the man responsible for the financial woes and the reason to seek a $47 million token sale to pay off debts is the longtime BTC evangelist and Bitcoin Cash promoter Roger Ver. Lamb claims that Ver who earned the nickname “Bitcoin Jesus” is an early BTC adopter and angel investor who was in default on the agreement and that CoinFlex already issued him a notice of default.
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