San Francisco: Cryptocurrency exchange CoinFlex’s CEO Mark Lamb has revealed that early Bitcoin investor Roger Ver owns them $47 million and this is why the platform has frozen crypto withdrawals for its users.
CoinFlex froze crypto withdrawals on June 27, saying that it would restart withdrawals on June 30 with a condition that it needs to sell tokens related to a debt owed by a “certain high net worth individual”.
It then did not name Ver, also known as Roger “Bitcoin Jesus” Ver.
Now, in a tweet late on Tuesday, Lamb revealed his name.
“Roger Ver owes CoinFlex $47 Million USDC. We have a written contract with him obligating him to personally guarantee any negative equity on his CoinFLEX account and top up margin regularly. He has been in default of this agreement and we have served a notice of default,” Lamb posted.
Lamb claimed that Ver has a long track record of previously topping up margin and meeting margin requirements in accordance with their agreement.
Related stories
Subscribe
- Never miss a story with notifications
- Gain full access to our premium content
- Browse free from up to 5 devices at once
Latest stories