The latest cryptocurrency exchange to pause user withdrawals from its customers, CoinFLEX, has made headlines yet again. CEO Mark Lamb claims that “Bitcoin Jesus” Roger Ver owes his company $47 million USDC.
A dispute between the longtime Bitcoin promoter, Roger Ver, and the CEO of CoinFlex revealed that the former owes them $47 million, which is why the platform has frozen cryptocurrency withdrawals for its users.
As previously reported by the Crypto Times, the exchange intended to raise funds by issuing a token called Recovery Value USD (“rvUSD”) in response to a long-term customer going into negative equity.
Ver tweeted that “some rumors have been spreading that I have defaulted on a debt to a counter-party,” but did not mention CoinFlex specifically.
Ver denied the rumors, instead claimed that the counterparty owed him “a substantial sum of money”, and is currently seeking the return of his funds.
Lamb went on to say that CoinFlex categorically denies any debts to Ver.
Besides claiming a written contract with Ver requiring him to guarantee any negative equity, Lamb stated that they have been talking to Ver on calls about topping up margin and meeting margin requirements regularly.
“He is denying that the debt pertains to him and so we felt the need to clarify to the public that yes – the debt is 100% related to his account,” Lamb tweeted.
