CoinFLEX CEO claims investor Roger Ver personally owes the exchange $47M USDC


Mark Lamb, CEO of CoinFLEX, tweeted June 28 that Roger Ver owes the exchange $28 million USDC and has been issued a notice of default.

Roger Ver immediately responded via Twitter, stating that he owed CoinFLEX nothing and, in fact, the exchange owed him money.

Track live crypto price of 10000+ coins!


Lamb added further commentary to his initial thread stating.

“CoinFLEX also categorically denies that we have any debts owing to him. His statement is blatantly false. It is unfortunate that Roger Ver needs to resort to such tactics in order to deflect from his liabilities and responsibilities.”

The debt allegedly comes from a margin trading account held in Ver’s personal name. The account has been said to be in “negative equity,” Ver has failed to top it up to a level required by a written contract. Prior to the default notice, Lamb states that Ver has had a track record of “topping up” his margin account. Efforts to resolve the situation via calls have allegedly resulted in the account remaining in default.

Related:  Bitcoin Will Have to be A Part of Any Portfolio: Ex-President of NYSE

CoinFLEX paused withdrawals amid market turmoil recently. The move was overturned through the release of a new token named rvUSD. In a comment regarding CoinFLEX’s internal liquidity issues, FatManTerra commented.

This is a developing story, and further information may be added to this article.




Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: