Cryptocurrency derivatives platform CoinFLEX has publicly accused the founder of Bitcoin.com of violating contractual obligations that led to the suspension of withdrawals.
Late last week, CoinFLEX notified users that it was suspending withdrawals amid “extreme market conditions and uncertainty” regarding an unnamed counterparty.
Troubled counterparty CoinFLEX was described as “a high-profile entity with significant funds experiencing temporary liquidity problems due to the credit and price crisis in the crypto markets.” CoinFLEX added that it was “fulfilling all margin requirements prior to this incident.”
The parties were unable to reach a compromise. Therefore, the management of CoinFLEX publicly identified the source of their problems as the founder of Bitcoin.com, Roger Ver, who, for promoting the first cryptocurrency in previous years, received the nickname “Bitcoin Jesus”.
CoinFLEX CEO Mark Lamb tweeted that Roger Ver owes CoinFLEX $47M:
“CoinFLEX has a written contract obliging it to personally guarantee any negative equity in the account and replenish margin regularly. Ver violated the agreement, and we served a notice of default. He denies that the debt belongs to him, and therefore we felt it necessary to clarify to the public that, yes, the debt on 100% is connected to his account.”
For his part, Roger Ver accused CoinFLEX of spreading defamatory information and counter-charged:
“The spread of rumors that I have not fulfilled my obligations under the debt to the counterparty are false. Not only do I have no debt, but on the contrary, they owe me a significant amount, and I am currently looking for ways to get my money back.
CoinFLEX categorically denies any debt to Roger Ver. The company regrets that Roger Ver has to resort to such tactics to avoid fulfilling his obligations.
The other day, the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, in an interview with CNBC, clarified his position on bitcoin, calling it a commodity.
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