March 28, 2024

Bitcoin.com Founder Roger Ver Sued for $20 Million Debt

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Bitcoin.com Founder Roger Ver Sued for $20 Million Debt

A subsidiary of Genesis filedsuing Roger Ver for failing to settle cryptocurrency options transactions that expired on December 30, 2022.

GGC Company, a subsidiary of GenesisBermuda, alleges that blockchain industry veteran and Bitcoin Cash (BCH) supporter Roger Ver failed to repay debt on cryptocurrency options trades when due.  

In GGC's statement of claim filed with the SupremeThe New York State Court in Manhattan said the $20.86 million in debt fell due in 2022. GGC is seeking monetary damages from Roger Ver for Defendant's failure to settle cryptocurrency option transactions that expired on December 30, 2022, in an amount to be determined at trial, but not less than $20.9 million.

Under current US law, RogerVer must answer the charges against him within the next 20 days or face a default indictment.

In 2022, Roger Ver became a defendant in a lawsuit by the cryptocurrency exchange CoinFLEX, which accused the investor of owing it $47 million. The exchange later increased the amount of the claim to $84 million.