The self-proclaimed “Bitcoin Jesus” remained tight-lipped about allegations that he was solely responsible for CoinFLEX suspending user withdrawals.
During the most recent Bitcoin Cash Hangout, Roger Ver discussed the situation.
Unfortunately for everyone affected, Ver was unable to provide new information, citing legal agreements that prevent him from saying more at this time.
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On June 24, crypto exchange CoinFLEX announced it was pausing user withdrawals “due to extreme market conditions,” and “continued uncertainty involving a counterparty
Later, it was revealed that the counterparty mentioned in the statement was Bitcoin Cash (BCH) proponent Ver. CEO Mark Lamb claimed that Ver, a company investor, owes the exchange $47 million in USDC.
According to reports, the debt is related to Ver’s CoinFLEX account, which went into negative equity. Normally, service providers will automatically liquidate the position.
CoinFLEX, on the other hand, stated that they have an agreement with Ver to keep positions open, resulting in mounting losses as prices fell. This agreement was supported by “stringent personal guarantees,” according to Lamb, who stated that Ver had always topped up margin calls in accordance with the agreement in the past. Ver denied the allegations and accused CoinFLEX of owing him “a substantial sum of money.”
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