Roger Ver denies default on US$47 million loan from CoinFLEX

Crypto Exchange CoinFlex

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Roger Ver denies default on US$47 million loan from CoinFLEX

Roger Ver, an early bitcoin adopter and bitcoin cash promoter, has denied defaulting on a US$47 million loan in USDC to troubled cryptocurrency exchange CoinFlex.

  • Ver tweeted overnight in Asia Time that the debt rumors were false, without mentioning CoinFlex, but insisted that it was the counterparty who gave him enough money.
  • Shortly thereafter, Coinflex CEO Mark Lamb responded on Twitter that the company had served Ver a notice of default and categorically denied that Ver had outstanding debt on the exchange.
  • Lamb said it was unfortunate that Roger Ver needed to use such tactics to divert attention from his liabilities and responsibilities.
  • CoinFLEX halted trading on its platform last Friday, citing extreme market conditions and the uncertainty of counterparties.
  • On Tuesday the firm issued US$47 million worth of tokens with a 20% yield to tokenize the debt.
  • Lamb and Ver did not respond to Forkasts requests for comments.

Crypto Exchange , Coinflex, Bitcoin Adopter, Bitcoin Cash Promoter, US Dollar, Cryptocurrency, USDC

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