Roger Ver, an early adopter of Bitcoin and chief executive of Bitcoin.com, said he has “sufficient funds” to pay Genesis Global after being hit by a lawsuit from the now-bankrupt cryptocurrency broker unit GGC. International.
The Bitcoin Cash proponent noted that he is happy to pay the amount he owes, but noted that the deal requires Genesis to remain solvent. On a new Reddit to postVer claimed that Genesis gave him no guarantees about his finances.
Digital Currency Group’s broker and lending desk went bankrupt after weeks of new fundraising attempts. Court documents reveal that he has more than $150 million to finance his restructuring efforts.
Ver allegedly owes Genesis around $21 million.
genesis vs. roger see
Ver, who was once known as “Bitcoin Jesus,” claimed that the financial information provided by Genesis has been called into question by recent events. He even said that the cryptocurrency broker refused to clarify the information he had provided and instead chose to file a lawsuit.
The Bitcoin evangelist accused Genesis of causing “discrepancies between client collateral valuation and its own digital assets.”
“Genesis cannot ask its customers to play a game of ‘heads, customers lose, tails, Genesis wins.’ It appears that at some points since at least last June, Genesis fell below the solvency line.”
GCC filed the lawsuit against Ver in New York State Supreme Court earlier this week, accusing the blockchain industry veteran of failing to settle crypto options transactions that were due on December 30. Ver was given a total of 20 days to respond to the subpoena. , whose non-compliance will force you to pay the full amount for delay.
Spit with CoinFLEX
This is not the first time Ver has been embroiled in a controversy surrounding non-payment. He made headlines last summer over accusations of defaulting on a debt. Company CEO Mark Lamb claimed that Ver owes the company $47 million in USDC stablecoins and was bound by a written contract, adding that he had been issued a notice of default for the same.
Ver, on the other hand, vehemently refuted the allegations, instead stating that the company owed him money.
Binance Free $100 (Exclusive) – Use this link to sign up to receive $100 free and 10% off your first month’s fees for Binance Futures (terms).
PrimeXBT Special Offer – Use this link to sign up and enter the code POTATO50 to receive up to $7,000 on your deposits.
