Roger Ver, a prominent crypto entrepreneur known as ‘Bitcoin Jesus’, sued Matrixport subsidiary for $8 million a year ago after he was unable to withdraw the funds from his account. The one-year-old case has just come to light publicly after Ver’s disclosure.
Ver, aka “Bitcoin Jesus,” revealed in a statement that he sued Matrixport’s subsidiary Smart Vega Holding Limited in August 2022 as he was unable to withdraw the amount from bit.com, a derivative-focused platform of the company.
The crypto entrepreneur alleged that his fund withdrawal request was blocked by Jihan Wu, the co-founder of Bitmain. Ver said that Wu did so because of his personal losses at CoinFLEX. In June 2022, CoinFLEX accused Roger Ver of defaulting on $47 million that the company owes him.
“The reason my Funds were unavailable for withdrawal was because Wu had instructed Respondent not to release them to me,” Ver stated in a court filing in September 2022, adding, “Wu had done so because he believed I owed sums to a third party who owed sums to him. His belief was both false and irrelevant.”
In the filing, Ver also urged for a compulsory liquidation for the company because the firm was forfeiting funds for Jihan Wu’s personal reasons. He also included a Telegram chat as proof, where Wu said, “My position is very simple. I am a creditor of CoinFlex, and CoinFlex is a creditor of you. You just send your USDC back to CoinFlex to repay the debt there and CoinFlex release the 5m$[sic] USDC to me.”
A Matrixport representative, however, claimed a completely different view on the matter and said that Ver breached contractual obligations at bit.com which are subject to a penalty fee. Ver was free to withdraw funds, but he instead raised concerns over payable penalties.
Roger Ver and Juhan Wu were both leaders in creating the Bitcoin hard fork, Bitcoin Cash in August 2017.
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