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Roger Ver: Does he really owe CoinFLEX 47 million USDC?

 


Roger Ver has long been considered one of Bitcoin's strongest advocates and one of its most influential early adopters. In 2017, however, there was a break, because Ver belonged to the small circle of people who no longer saw the ideals that they believed the cryptocurrency once represented in the technical implementation of Bitcoin. The result of this was Bitcoin Cash, a fork and thus an offshoot of Bitcoin.


Since then, Roger Ver has no longer been promoting Bitcoin (BTC), but rather Bitcoin Cash (BCH) and, as we know him from the past, is primarily active as an entrepreneur and investor who wants to integrate Bitcoin Cash into everyday life.


After Bitcoin Cash did not perform particularly well in the last bull market and the world did not agree with Vers, it became quiet around him for a long time. Until yesterday, because suddenly all hell broke loose on Twitter.


Margin trading could have been fatal

CoinFlex CEO Mark Lamb took to Twitter, claiming that Ver owes his company $47 million USD. Accordingly, Ver is said to have borrowed money for margin trading.


According to Lamb, Ver has repeatedly injected money in the past in order not to have to close his open positions. However, this is not currently the case and CoinFLEX wants to ensure that the outstanding claim is settled.


Curiously, Roger Ver denied the portrayal. The matter was reversed and an unspecified counterparty owed him money. He himself has no outstanding claims of this amount to settle.


CoinFLEX is in trouble

The exchange had to stop all payments to customers a few days ago, effectively freezing the funds of all accounts. In addition, spot trading and trading in perpetuals of certain assets have also been discontinued. According to a press release , money is said to have been lent, but the counterparty was insolvent. It was also made clear that this would not be 3AC or a lending platform.


Now it becomes clear that it must be Roger Ver. By June 30, CoinFLEX announced that it would be able to resume withdrawals. To speed up the launch, the exchange wants to issue a token that will represent the outstanding debt. Debt tokenization has been a huge success for the Bitfinex exchange in the past.


It remains to be seen whether there will be a way out with rvUSD in the end. The offer is aimed exclusively at wealthy investors. As long as the public dispute between CoinFLEX and Roger Ver lasts, the matter will at least remain entertaining.

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