An early Bitcoin investor and Bitcoin Cash proponent, Roger Ver, has broken against claims from crypto investment platform CoinFLEX regarding an alleged $47-million debt. Not revealing CoinFLEX by name, Roger Ver said he had not “defaulted on a debt to a counter-party,” and alleged the platform owed him “a substantial sum of money.”
Ver tweeted on Tuesday that he had not “defaulted on a debt to a counter-party,” and alleged the crypto firm owed him “a substantial sum of money.” The denial trailed rumours on social media that the BCH proponent was involved in the platform halting withdrawals due to “a high-net worth client who has holdings in many large crypto firms” not covering their debts.
CoinFLEX CEO Mark Lamb claimed in a tweet, immediately after Ver’s tweet and said that the company had a written contract with Ver “obligating him to personally guarantee any negative equity on his CoinFLEX account and top up margin regularly.” Lamb demands, CoinFLEX served Ver with a notice of default and was “speaking to him on calls frequently about this situation with the aim of resolving,” and said that the firm did not owe him anything.
CoinFLEX CEO sounds shocked while saying“It is unfortunate that Roger Ver needs to resort to such tactics in order to deflect from his liabilities and responsibilities.”
On Tuesday Cointelegraph reported that a CoinFLEX account held by a “high-integrity person of significant means” experienced $47 million in losses after being allowed to reach negative equity without being liquidated. The platform planned to fix its liquidity shortage by issuing a new token, Recovery Value USD (rvUSD), starting June 28, while user withdrawals are expected to resume on June 30.
The price of the native token (FLEX) of CoinFLEX’has fallen more than 84% in the last 30 days, dropping from $1.19 to $0.80 following Lamb’s and Ver’s Twitter war.
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