- After halting withdrawals last week, CoinFLEX announced it would launch a new token to raise $47 million
- Ver denies that he is the debtor and says CoinFLEX owes him a substantial amount of money
The chief executive of CoinFLEX alleged Tuesday that the CEO of crypto trading platform and wallet provider Bitcoin.com owes the cryptocurrency exchange $47 million.
CoinFLEX CEO Mark Lamb tweeted that Roger Ver is a longtime customer and the counterparty whose outstanding debt forced the derivatives-focused exchange to halt withdrawals last week. The company on Monday moved to issue a new token, rvUSD, to stabilize its balance sheet, with the goal of raising at least $47 million.
Lamb told Bloomberg rvUSD will have a 20% yield, and — if $47 million is raised — users would be able to withdraw their funds in full.
After being suspected as the debtor by the anonymous crypto market participant FatManTerra, Ver initially denied.
“Not only do I not have a debt to this counter party, but this counter party owes me a substantial amount of money,” Ver said at the time.
In defense of CoinFLEX, Lamb tweeted 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.”
He added that his company does not owe any debts to Ver, and that “his statement is blatantly false.”
CoinFLEX and Ver did not immediately return requests for comment.
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The post Troubled Exchange CoinFLEX Confirms Bitcoin.com CEO Owes It $47M appeared first on Blockworks.
