‘Bitcoin Jesus’ Roger Ver Says He Would not Need to Pay the $21M He Owes Genesis

 ‘Bitcoin Jesus’ Roger Ver Says He Would not Need to Pay the $21M He Owes Genesis



Bitcoin evangelist Roger Ver stated in a Reddit submit yesterday that he has “ample funds” to pay now-bankrupt crypto dealer Genesis the $21 million he owes, however argued that he doesn’t must.

“I’ve ample funds available to pay Genesis the sums allegedly owed, and I’m completely happy to pay what I really owe. Nonetheless, Genesis was required by our settlement to stay solvent—as Genesis can’t ask its shoppers to play a “heads shoppers lose, tails Genesis wins” sport,” he wrote in response to a submit within the Bitcoin subreddit asking, “Did Roger Ver get rekt?

Ver, who earned the moniker of “Bitcoin Jesus” as an early adopter of the expertise, responded to the submit yesterday, then on Wednesday morning shared a screenshot of his remark on Twitter.

The allegations towards him have been revealed in a summons filed in New York State Supreme Courtroom on Monday by GGC Worldwide, a unit of Genesis World. In it, the corporate says Ver owes the corporate $20,869,788 for “failure to settle cryptocurrency choices transactions” that expired on December 30.

The Digital Foreign money Group dealer and lending desk filed for chapter on January 20, revealing in court docket paperwork that it has greater than $150 million to fund its restructuring efforts.

If any of this sounds acquainted, it’s as a result of Ver was concerned in an analogous spat with CoinFLEX final yr. The crypto buying and selling platform halted withdrawals in June, citing liquidity issues. It was a standard chorus from corporations on the time, who have been coping with the fallout from a number of bankruptcies.

However CoinFLEX CEO Mark Lamb claimed on Twitter that Ver owes the corporate $47 million and stated he’d already been issued a default discover for failure to pay up.

Ver known as the declare “blatantly false,” including that CoinFLEX owed him cash, not the opposite means round.

“Not solely do I not have a debt to this counter-party, however this counter-party owes me a considerable sum of cash, and I’m presently in search of the return of my funds,” he wrote on Twitter.

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