Roger Ver denies CoinFLEX CEO’s claims he owes agency $47M USDC

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Roger Ver, an early Bitcoin investor and Bitcoin Money proponent, has pushed towards claims from crypto funding platform CoinFLEX concerning an alleged $47-million debt.

In a Tuesday tweet, Ver — not mentioning CoinFLEX by title — stated he had not “defaulted on a debt to a counter-party,” and alleged the crypto agency owed him “a considerable sum of cash.” The denial adopted rumors on social media that the BCH proponent was concerned within the platform halting withdrawals as a result of “a high-networth shopper who has holdings in lots of giant crypto companies” not overlaying their money owed.

CoinFLEX CEO Mark Lamb took to Twitter shortly after the assertion to assert the corporate had a written contract with Ver “obligating him to personally assure any destructive fairness on his CoinFLEX account and prime up margin commonly.” In accordance with Lamb, CoinFLEX served Ver with a discover of default and was “talking to him on calls often about this case with the intention of resolving,” claiming the agency didn’t owe him something.

“It’s unlucky that Roger Ver must resort to such ways with a view to deflect from his liabilities and duties,” stated the CoinFLEX CEO.

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Cointelegraph reported on Tuesday {that a} CoinFLEX account — held by a “high-integrity particular person of serious means” — incurred $47 million in losses after being allowed to achieve destructive fairness with out being liquidated. The platform deliberate to repair its liquidity scarcity by issuing a brand new token, Restoration Worth USD (rvUSD), beginning June 28, with consumer withdrawals anticipated to renew on June 30.

The value of CoinFLEX’s native token (FLEX) has fallen greater than 84% within the final 30 days, dropping from $1.19 to $0.80 following Lamb’s and Ver’s statements on Twitter.

Cointelegraph reached out to Roger Ver and Mark Lamb, however didn’t obtain a response on the time of publication. This story could also be up to date.