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CoinFLEX Accuses "Bitcoin Jesus" Roger Ver of Its Withdrawal Freeze

CoinFLEX Accuses "Bitcoin Jesus" Roger Ver of Its Withdrawal Freeze

The longtime BTC evangelist was supposedly the key reason why CoinFLEX had to stop withdrawals.

Mark Lamb, CEO of the crypto exchange CoinFLEX, has recently posted a tweet, claiming that Roger Ver, also known as “Bitcoin Jesus,” is responsible for the exchange’s customer withdrawals freeze and now owes the company $47 million.

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The news comes a few days after the platform decided to take away the possibility for its users to withdraw their money due to the current crypto bear market. However, yesterday, the exchange issued a statement, indicating that it would roll out a Recovery Value USD (rvUSD) token to patch everything up.

In addition, the firm also mentioned that it would resume all of its withdrawals on June 30, right after it sells tokens associated with a debt that is owed by a “certain high net worth individual.”

Lamb noted that "the debt is 100% related" to Ver's account and that CoinFLEX has made a contract with the BTC Cash proponent which enlisted him to “personally guarantee any negative equity on his CoinFLEX account and top up margin regularly.” On top of that, according to the firm, Ver has been already issued a notice of default.

The early Bitcoin (BTC) investor Ver immediately took to Twitter to state that the rumors are actually false and he doesn’t owe anyone any money. In fact, the tables have turned when Ver stated that the “counter-party” actually owes him a significant amount of money as he is “currently seeking the return” of his capital.

The CEO of CoinFLEX also implied that it’s a shame that Ver seeks to run away from his responsibilities, although the firm has been constantly communicating with Ver “about this situation with the aim of resolving it.”

In the last month, the CoinFLEX token's (FLEX) price declined over 84% and currently sits at $0.80.

Aaron S., Editor-In-Chief
Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.



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