Roger Ver Allegedly Defaults on CoinFLEX for $47 Million

Roger Ver Allegedly Defaults on CoinFLEX for $47 Million

But “Bitcoin Jesus” insists he’s the one seeking the return of his funds.

Key Takeaways

  • CoinFLEX’s CEO has revealed the gigantic counterparty accountable for the corporate’s $47 million debt is Roger Ver.
  • Ver denies the accusation and claims that it is of course CoinFLEX that owes him cash.
  • CoinFLEX has issued a watch of default to Ver.

CoinFLEX’s CEO claims that Roger Ver owes the crypto lender $47 million, an accusation that Ver vehemently denies.

Roger Ver Named as CoinFLEX’s Mysterious Counterparty

It would seem that Roger Ver owes CoinFLEX $47 million.

In accordance with CoinFLEX CEO Be conscious Lamb, the previously reported big counterparty accountable for the crypto trade’s $47 million debt is none utterly different than Bitcoin celeb Roger Ver. Lamb talked about on Twitter that Ver had been served a watch of default for failing to high up his margin necessities.

Lamb’s announcement came almost in the present day after Ver himself tweeted that rumors of his default to a counterparty had been spurious. “No longer only stop I no longer relish a debt to this [counterparty], nonetheless this [counterparty] owes me a enormous quantity of cash, and I am currently seeking the return of my funds,” Ver posted.

Ver’s denial triggered Lamb to “clarify to the final public that yes – the debt is 100% associated to [Ver’s] fable” and that “CoinFLEX furthermore categorically denies that we relish any debts owing to him,” insisting the accusation became a tactic by Ver to “deflect from his liabilities and duties.”

Crypto Briefing previously reported on CoinFLEX’s $47 million coarse debt, even supposing the counterparty became silent unnamed at the time of writing. Under regular instances the lending platform would’ve liquidated the insolvent location; it chose now to no longer thanks to the “stringent non-public guarantees” build ahead by the counterparty, now acknowledged to be Ver.

As a substitute, CoinFLEX determined to construct the rvUSD token in an strive to monetize their liability. Officially called Recovery Value USD, the coin furthermore bears, maybe coincidentally, Roger Ver’s initials.

Roger Ver is an early Bitcoin investor and influencer. His evangelistic promoting vogue earned him the nickname of “Bitcoin Jesus”; he is the Executive Chairman of

Disclosure: On the time of writing, the creator of this share owned ETH and several utterly different cryptocurrencies.

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