Without specifically citing CoinFLEX, Roger Ver claimed that he had not defaulted on a debt to a counter-party.
Early Bitcoin investor and supporter of Bitcoin Cash Roger Ver has resisted charges made by cryptocurrency investment platform CoinFLEX regarding a purported $47 million debt.
Without specifically citing CoinFLEX, Ver claimed in a tweet on Tuesday that the cryptocurrency company owed him a considerable chunk of money and insisted that he had not defaulted on an obligation to a counter-party. The denial came after social media reports claimed that the BCH supporter was responsible for the platform’s decision to block withdrawals because “a high-net-worth client who has assets in many prominent crypto enterprises” was unable to pay their bills.
Shortly after the statement, CoinFLEX CEO Mark Lamb claimed on Twitter that the company and Ver had a formal agreement that required Ver to “personally guarantee any negative equity on his CoinFLEX account and top up margin frequently.” Lamb claims that despite the fact that CoinFLEX served Ver with a notice of default and was “often speaking to him on calls about this matter with the purpose of settling,” the company maintained that it owed Ver nothing.
“It is unfortunate that Roger Ver needs to resort to such tactics in order to deflect from his liabilities and responsibilities,” said the CoinFLEX CEO.
A CoinFLEX account reportedly held by a “high-integrity person of large resources” suffered losses of $47 million after being allowed to go into negative equity without being liquidated. By creating a new token, Recovery Value USD (rvUSD), beginning on June 28, the platform intended to address its liquidity issues. On June 30, user withdrawals were anticipated to resume.
Following Lamb’s and Ver’s statements on Twitter, the price of CoinFLEX’s native token (FLEX) has decreased by more than 84 percent during the past 30 days, going from $1.19 to $0.80.
