Genesis sues Roger Ver to $ 20 million because he did not bill crypto options

Genesis sues Roger Ver to $ 20 million because he did not bill crypto options

The so-called "Bitcoin-Jesus", Roger Ver, was asked to repay genesis damages of over $ 20 million after not dealing with certain transactions with cryptocurrency options before the payment period expires.

The investor was given 20 days to respond to the summons, after which he is forced to pay reparations.

• as reported The application was submitted by a subsidiary of Genesis on the British young New York had determined as a place of negotiation.
• The submission states that the option transactions in question have expired on December 30th. If the summons are not answered, Ver must pay back at least $ 20,869,788, together with the costs, expenses and lawyers from Genesis.
• This is not the first time that Ver gets into legal difficulties in this crypto winter. In July, the Coinflex Ver crypto exchange based on the Seychelles sued to $ 84 million because he had not paid back his margin.
• Cooinflex had made one Special arrangement in which the collateral for his trade was not to be liquidated if he reaches the regular limit because he trusts him as a counterparty. The company applied for a restructuring in August.
• also genesis has also filed for bankruptcy after she was lost as the greatest irrelevant believer in the insolvency of ftx.
• A Genesis lawyer recently said before a court in Manhattan that an agreement with the creditors could be reached within a week. The documents show that the company still has assets worth $ 1.6 billion, more than liabilities.
• Ver is a long-time member of the cryptor room and a loud supporter from Bitcoin Cash (BCH)-a Bitcoin hardfork with an increased block size limit to enable faster transactions. His margin loan at Coinflex was against BCH, which has dropped by 53 % compared to last year.

.