CoinFLEX CEO accuses investor Roger Ver of defaulting on $47 million loan

Quick Take

  • Mark Lamb, the CEO of CoinFLEX, has accused one of the company’s investors, Roger Ver, of defaulting on a loan worth $47 million.
  • Ver addressed rumors by denying that he defaulted on any loan and saying that he was the one that was owed money by a “counter-party.”

CEO of CoinFLEX Mark Lamb today accused investor Roger Ver of defaulting on a loan agreement worth $47 million in USDC.

Lamb said Tuesday on Twitter that the contract required Ver to "guarantee any negative equity" and that he had been served a notice of default.

Seemingly responding to those accusations, Ver wrote on Twitter that rumors that he had defaulted on a loan were false. Instead, according to the investor, he is the one that is owed money.

"This counter-party owes me a substantial sum of money, and I am currently seeking the return of my funds," Ver said.

Last week, CoinFLEX paused all withdrawals from users, citing market conditions and "continued uncertainty involving a counterparty."

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