CoinFLEX CEO Claims Bitcoin Cash Evangelist Owes Money To The Exchange

KEY POINTS

Lamb said Roger Ver owes the crypto exchange the substantial amount
He said that Ver 'is denying that the debt pertains to him'
Ver, on the other hand, claims that the exchange owes him money

CoinFLEX CEO Mark Lamb has claimed that Roger “Bitcoin Jesus” Ver had defaulted on a $47 million USDC margin call and now owes the crypto exchange the substantial amount.

In Tuesday's Twitter post, Lamb said that the exchange had a "written contract with him obligating him [Ver] 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."

He had a long track record of previously topping up margin and meeting margin requirements in accordance with this agreement. We have been speaking to him on calls frequently about this situation with the aim of resolving it. We still would like to resolve it.
— Mark Lamb 💪 (@MarkDavidLamb) June 28, 2022

Roger Ver is one of the prominent supporters of Bitcoin and an early investor too. He is popularly called "Bitcoin Jesus" and now supports Bitcoin Cash (BCH), a hard fork of Bitcoin (BTC).

In another Twitter post, Lamb added that the rumors stating that CoinFLEX is facing an economic crisis are false and as Ver is not making payments, the treasury of the firm is now low. Lamb also stated that Ver "is denying that the debt pertains to him and so we felt the need to clarify to the public that yes - the debt is 100% related to his account."

Interestingly, the CEO of CoinFLEX pointed out that Ver is a citizen of the European Union who the exchange believes "has significant assets in the US, UK, and other relevant jurisdictions" and hence is more than capable of making his payments.

Lamb claims that he came to social media when Ver claimed that the debt was not associated with his account.

"Not only do I not have a debt to this counter-party, but this counter-party owes me a substantial sum of money, and I am currently seeking the return of my funds," Ver said in a Twitter post Tuesday.

Recently some rumors have been
spreading that I have defaulted on a
debt to a counter-party. These rumors
are false. Not only do I not have a debt
to this counter-party, but this counter-
party owes me a substantial sum of
money, and I am currently seeking the
return of my funds.
— Roger Ver (@rogerkver) June 28, 2022

In response to Ver’s accusations, Lamb said: “CoinFLEX also categorically denies that we have any debts owing to him. His statement is blatantly false. It is unfortunate that Roger Ver needs to resort to such tactics in order to deflect from his liabilities and responsibilities.”

CoinFLEX had recently announced that it will pause withdrawals on the exchange which led to investors believing that it is facing a liquidity issue like DeFi lender Celsius. However, the CEO claims that this is not the case.