CoinFLEX CEO claims investor “Bitcoin Jesus” personally owes the exchange $47M USDC

CoinFLEX CEO Mark Lamb tweeted on June 28 that Roger “Bitcoin Jesus” Ver was in debt to the US $ 28 million exchange and a default notice was issued.

Roger Ver owes US $ 47 million to CoinFLEX. We have a written contract with him, personally guaranteeing the negative equity of our CoinFLEX account and requiring regular margin replenishment. He is in default on this contract and we have issued a notice of default.

— Mark Lamb 💪 (@MarkDavidLamb) June 28, 2022

Roger Ver immediately responded via Twitter, stating that he hadn’t borrowed anything from CoinFLEX, and in fact the exchange had borrowed money from him.

There are some rumors lately
Disseminate what I made the default
Debt to the counterparty.These rumors
It’s fake.Not only is there no debt
To this counterparty, but this counter-
The party owe me a fair amount
Money, and I’m looking for now
Return of my funds.

— Roger Ver (@rogerkver) June 28, 2022

Ram added more commentary to his first thread State..

“CoinFLEX also categorically denies us that we are in debt thanks to him. His remarks are clearly wrong. Such tactics for Roger Ver to deviate from his responsibilities and responsibilities. It’s a shame I have to rely on. “

This debt is reportedly from a margin trading account held under Ver’s personal name. The account is said to be “negative equity”, but Ver was unable to replenish the account to the level required by the written contract. Prior to the default notice, Ram states that Ver has a track record of “replenishing” his margin account. The account is reportedly left at its default as a result of efforts to resolve the situation over the phone.

CoinFLEX has suspended its withdrawal in the midst of recent market turmoil. This move was overturned by the release of a new token named rvUSD. FatMan Terra commented on CoinFLEX’s internal liquidity issue.

Let’s be honest with this … Did CoinFLEX try to sell debt tokens to people without revealing the debtor’s name while knowing that the debtor in question was refusing to pay? With the exception of more scams, crypto space appears to be speeding up the 2008 CDO / CDS scenario.

— FatMan (@FatManTerra) June 28, 2022

This is a developing story and more information may be added to this article.