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.
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