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‘Bitcoin Jesus’ Roger Ver owes Genesis $20 million

important point

  • Genesis issued a subpoena to Roger Ver for failing to settle more than $20 million in cryptocurrency options.
  • Ver was indicted by CoinFLEX last June for defaulting on $47 million.
  • Genesis filed for bankruptcy last week.

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Roger Ver apparently owes Genesis $20 million. He was previously accused by cryptocurrency exchange CoinFLEX of defaulting on $47 million.

Bitcoin jesus loves leverage

2022 must have been a tough year for Roger Ver.

Cryptocurrency lending company Genesis issued a summons Writing to Roger Burr on January 23rd, he claimed that Bitcoin supporters owed more than $20 million. According to filings, Ver owed this debt by trading cryptocurrency options that he will expire on December 30, 2022. Genesis seeks damages and seeks to pay the company’s legal costs in Ver’s lawsuit against him.

Roger Ver is an early Bitcoin investor and influencer. His evangelistic promotional style has earned him the nickname “Jesus of Bitcoin”. He is the chairman of his Bitcoin.com.

This is not the first time a cryptocurrency company has accused Ver of neglecting his obligations. June 2022, cryptocurrency exchange CoinFLEX announced That Ver owes the company more than $47 million. He denied the accusations and claimed that it was actually CoinFLEX that owed him the funds. CoinFLEX decided to monetize its responsibility by creating the token rvUSD (formally known as Recovery Although called Value USD, the coin also bears the initials of Roger Ver).

Genesis is a subsidiary of Digital Currency Group. The crypto lending company has frozen loan initiations and redemptions on Nov. 16, citing “extreme market turmoil” caused by the epic collapse of FTX and the industry-wide panic it caused.genesis submitted for Chapter 11 bankruptcy protection last week. The company owes his top 50 creditors more than $3.5 billion.

Gemini co-founder Cameron Winklevoss claims in various open letters that Genesis owes Gemini Earn customers more than $900 million. He also accused Digital Currency Group CEO Barry Silbert and Genesis of cheating lenders.

Disclaimer: At the time of writing, the author of this article owned BTC, ETH, and several other crypto assets.

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