Roger Ver Denies Defaulting on US$47 Million Loan From CoinFLEX

Roger Ver, a proponent of Bitcoin Cash and an early adopter of Bitcoin, has denied defaulting on a USDC loan of US$47 million to struggling cryptocurrency exchange CoinFLEX. Without identifying CoinFLEX, Ver tweeted overnight in Asia that the debt rumors were untrue. Still, he claimed that the counterparty was the one who owed him “a considerable chunk of money.” Recently some rumors have beenspreading that I have defaulted on adebt to a counter-party. These rumorsare false. Not only do I not have a debtto this counter-party, but this counter-party owes me a substantial sum ofmoney, and I am currently seeking thereturn of my funds. — Roger Ver (@rogerkver) June 28, 2022 CoinFLEX CEO Responded to Ver on Twitter Soon after, CoinFLEX CEO Mark Lamb responded to Ver on Twitter, stating that the company had sent a notice of default and “categorically disputed” that the exchange owed Ver any money. Lamb said, “Unfortunately, Roger Ver needs to resort to such tactics to deflect from his liabilities and responsibilities,” 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. — Mark Lamb 💪 (@MarkDavidLamb) June 28, 2022 CoinFLEX Froze Transactions Last Week Last Friday, CoinFLEX froze all transactions on its platform, citi...