Cryptocurrencies
‘Bitcoin Jesus’ Roger Ver Spars With Crypto Exchange CoinFlex Over Margin Call
- CoinFlex says served Ver notice of default on $47 million
- Investor denies he defaulted on debt owed to CoinFlex
Roger Ver
Photographer: Anthony Kwan/BloombergThis article is for subscribers only.
A public dispute between a longtime crypto investor and a digital-asset exchange is the latest in a series of mini-crises that have rocked crypto markets in recent weeks.
CoinFlex, a crypto exchange, on Tuesday named Roger Ver as the counterparty who failed to pay $47 million of stablecoin in a margin call. CoinFlex had previously disclosed a liquidity issue that led to the exchange pausing withdrawals. CoinFlex CEO Mark Lamb said in a tweet that the company served Ver, who is an investor in the exchange and was an early promoter of Bitcoin, with a notice of default.