U.S. markets close in 5 hours 30 minutes
  • S&P 500

    4,269.74
    -4.30 (-0.10%)
     
  • Dow 30

    33,903.87
    -76.45 (-0.22%)
     
  • Nasdaq

    12,911.40
    -26.72 (-0.21%)
     
  • Russell 2000

    1,983.70
    -3.61 (-0.18%)
     
  • Crude Oil

    89.88
    +1.77 (+2.01%)
     
  • Gold

    1,778.80
    +2.10 (+0.12%)
     
  • Silver

    19.72
    -0.01 (-0.06%)
     
  • EUR/USD

    1.0126
    -0.0055 (-0.54%)
     
  • 10-Yr Bond

    2.8440
    -0.0490 (-1.69%)
     
  • GBP/USD

    1.1999
    -0.0052 (-0.43%)
     
  • USD/JPY

    135.1430
    +0.0530 (+0.04%)
     
  • BTC-USD

    23,462.51
    +27.62 (+0.12%)
     
  • CMC Crypto 200

    559.31
    +1.58 (+0.28%)
     
  • FTSE 100

    7,532.62
    +16.87 (+0.22%)
     
  • Nikkei 225

    28,942.14
    -280.63 (-0.96%)
     

Roger Ver says he will issue statement on default dispute with CoinFLEX

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Early Bitcoin adopter and Bitcoin Cash promoter Roger Ver told Forkast he will issue an official statement before Monday responding to allegations he defaulted on a US$47 million loan in USDC from CoinFLEX.

See related article: Roger Ver denies defaulting on US$47 mln loan from CoinFLEX

Fast facts

  • Ver told Forkast in a phone interview on Thursday that he will issue a full statement on the allegation. Mickey Amami, an executive assistant for Roger Ver, said the statement will be released over the weekend.

  • While declining to comment on the details of the statement, he said he stands by a tweet he sent on Wednesday morning.

  • The tweet rejected the claim he defaulted on the loan and stated instead he was the one owed money.

  • That tweet “is completely accurate, and I stand by that,” he said in the phone call.

  • Mark Lamb, the chief executive officer of lending platform CoinFLEX, said in a tweet on Wednesday morning that Ver defaulted on a written agreement to guarantee negative equity on his CoinFLEX account.

  • CoinFLEX froze transactions on its platform last Friday citing extreme market conditions and uncertainty of a counterparty whose debt is equal to the amount CoinFLEX now claims is owed by Ver.

  • Several crypto firms are teetering near bankruptcy amid a severe price slump and repercussions from the US$40 billion collapse of the Terra stablecoin and LUNA cryptocurrency in May.

  • Crypto hedge fund Three Arrows Capital was recently declared insolvent by a court in the British Virgin Islands where it is domiciled, while crypto exchange FTX is reportedly closing in on a deal to buy crypto lender BlockFi for US$25 million, a company once valued at almost US$5 billion.

  • Forkast has contacted Mark Lamb and is awaiting his response to the dispute with Ver.

See related article: CoinFLEX to issue US$47 mln in tokens as it waits for ‘crypto whale’ to pay up