$ 20 million lawsuit shock from Genesis to Roger Ver!

Advocate for Bitcoin Cash (BCH) Roger Verwas sued by crypto lending firm Genesis.

filing for bankruptcy GenesisGGC International has filed a $20 million lawsuit against Ver for allegedly failing to resolve his BCH attorney’s crypto options transactions that expired on December 30, 2022.

The total amount of options is approximately $20.8 million.

However, Ver has 20 days to respond to the subpoena. BCH attorney Roger VerIf he does not respond within 20 days, he will have to pay the total amount.

$ 20 million lawsuit shock from Genesis to Roger Ver!
Part of the case file against Roger Ver. Source: New York Supreme Court

Roger Ver also did not respond to Cointelegraph’s request for comment as of the time of writing.

Last year, Ver made headlines for allegations of defaulting on a debt. CoinFLEX CEO Mark Lamb claimed that Ver owed the company $47 million worth of USD Coins. If later Bitcoin Cash His lawyer denied the allegations without naming the company.

Genesis and bankruptcy filing are not on the agenda

On the other hand, on January 20 crypto loan firm Genesisfiled for bankruptcy. However, the company remains optimistic about creditor settlements and bankruptcy. In addition Genesishas embarked on a court-supervised restructuring.

Meanwhile, Genesis creditors keep their eyes on its parent company. Digital Currency GroupThey’ve planted it on (DCG). Cointelegraph Turkey creditors sued both DCG and its CEO, Barry Silbart. The company allegedly violated securities laws by selling securities that were not registered with the SEC.

Soruce : https://tr.cointelegraph.com/news/genesis-sues-roger-ver-for-20m-over-unsettled-crypto-options-trades

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