Mark Lamb, CoinFLEX CEO, Blames Roger Ver For His Companies $47 Million Debt

The CEO of CoinFLEX, Mark Lamb, blames early Bitcoiner and Bitcoin Cash adopter Rodger Ver as the source of the company's troubles.  "Roger Ver owes CoinFLEX $47 Million USDC," Lamb tweeted on Tuesday. "We have a written contract with him obligating him to personally guarantee any negative equity on his CoinFLEX account and top up margin regularly."

The rumors of Ver's rocky financial situation were initially leaked by Twitter user "FatManTerra." When these rumors surfaced, Ver aggressively denied the claims saying, "Recently some rumors have been spreading that I have defaulted on a debt to a counter-party. (CoinFLEX) These rumors are false. Not only do I not have a debt to this counter-party, but this counter-party owes me a substantial sum of money, and I am currently seeking the return of my funds. "

Lamb of CoinFLEX denies these claims, saying, "It is unfortunate that Roger Ver needs to resort to such tactics to deflect from his liabilities and responsibilities," and "CoinFLEX also categorically denies that we have any debts owing to him. His statement is blatantly false."

Lamb and CoinFLEX claim to be launching a new liability token, called "Recovery Value USD" (rvUSD), which they hope to sell to cover the $47 million balance. According to the token's whitepaper, "rvUSD is a token issued by CoinFLEX related to an outstanding debt owed by a certain high net worth individual to CoinFLEX."

The funds raised from this token can hopefully keep the exchange afloat, assuming they do not owe funds to Ver, like he claims.

Author:Garrett Meifert

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