Ver slammed the crypto broker and said that it 'can’t ask its clients to play a 'Heads clients lose, tails Genesis wins' game.'
Ver slammed the crypto broker and said that it “can’t ask its clients to play a ‘Heads clients lose, tails Genesis wins’ game.”
Early Bitcoin adopter and executive chair of Bitcoin.com, Roger Ver, said he has “sufficient funds” to pay Genesis Global after being hit by a lawsuit by the now-bankrupt crypto broker’s unit – GGC International. The Bitcoin Cash proponent noted that he is happy to pay the amount he owes but pointed out that the agreement requires Genesis to remain solvent. In a new RedditThe Digital Currency Group broker and lending desk slid into bankruptcy after weeks of fresh fundraising attempts. The court documents reveal that it has over $150 million to fund its restructuring efforts.
“Genesis can’t ask its clients to play a “heads clients lose, tails Genesis wins” game. It appears that at points since at least last June Genesis dipped under the solvency line.”the blockchain-industry veteran of failing to settle crypto options transactions that expired back on December 30. A total of 20 days was given to Ver to answer the summons, a failure of which will require him to pay the total amount by default.
Ver, on the other hand, vehemently refuted the allegations and instead claimed that the company owed him money.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Genesis sues Roger Ver for $20M over unsettled crypto options tradesBCH advocate Roger Ver faces a $20 million lawsuit filed by GGC International, a unit of bankrupt crypto lender Genesis.
Read more »
Roger Ver Fails to Respond to Demand for $20 Million Crypto Options PaymentBarry Silbert’s Genesis has issued a summons to Roger Ver for failing to settle $20 million of crypto options
Read more »
Genesis wants $20.9 million from 'Bitcoin Jesus' for expired optionsBankrupt crypto lender Genesis wants 'Bitcoin Jesus' to pay $20.9 million over expired options trades
Read more »
Is Grayscale in Trouble with Genesis Filing for Bankruptcy?Find out how fall of Genesis could be warning sign for world's largest digital asset manager
Read more »
2023 Genesis GV70 Review, Pricing, and SpecsBased on the excellent G70 sports sedan, the 2023 Genesis GV70 SUV provides similar driving enjoyment with a higher seating position and extra cargo room.
Read more »
Neon Genesis Evangelion Is Ready to Release Its Soundtracks StatesideEvangelion might have brought its recent Rebirth film series to a close with the theatrical [...]
Read more »