- Crypto group member, FatMan Terra, has advised that Roger Ver is the excessive internet price particular person who allegedly owes CoinFLEX $47 million.
- CoinFLEX has launched plans to launch a restoration token to boost funds to cowl the $47 million deficit.
- Bitcoin Money’s Roger Ver has since denied the allegations.
Terra and Crypto Twitter group member @FatManTerra has advised that Roger Ver is the excessive internet price particular person who owes CoinFLEX $47 million. @FatManTerra additionally added that CoinFLEX allowed him ‘to run a deficit as a result of he personally assured he would pay them again.’ He explained:
A verified insider has confirmed that the “excessive internet price particular person” who owes CoinFLEX cash is Bitcoin Money advocate & CoinFLEX shareholder Roger Ver.
Ver had an extended on BCH, and the platform allowed him to run a deficit as a result of he personally assured he would pay them again.
CoinFLEX Pronounces Plans to Elevate $47 Million By way of A Restoration Token.
@FatManTerra’s concept comes from information that CoinFLEX was planning to boost $47 million by way of a restoration token, rvUSD. The token shall be issued at a fee of 1 USDC per rvUSD, with a most of 47 million being allotted.
Based on the rvUSD whitepaper by CoinFLEX, the restoration token launch is the results of a excessive internet price particular person owing the platform precisely $47 million. They explained:
rvUSD is a token issued by Liquidity Applied sciences Ltd. (“CoinFLEX”) associated to an excellent debt owed by a sure excessive internet price particular person (the “Particular person”) to CoinFLEX.
The Particular person is a very long time buyer of the CoinFLEX platform and in the course of the latest market volatility, his account went into unfavorable fairness. In regular circumstances, we might auto-liquidate a place that runs low on fairness at costs which can be previous to the zero-equity worth.
On this case, the Particular person had a nonliquidation recourse account, a situation meaning they won’t be liquidated in trade for personally guaranteeing their account fairness in writing.
Roger Ver Denies Rumors That He’s the Excessive Web Price Particular person Behind CoinFLEX’s Woes.
Nonetheless, Bitcoin Money’s Roger Ver has since issued a press release through Twitter debunking rumors that he’s the person who owes CoinFLEX $47 million.
In his rationalization, Mr. Ver identified that he owes no debt to the ‘counter-party.’ Moreover, the counter-party really owes him cash, and he’s at the moment ‘looking for the return’ of his funds.
His statement on the whole state of affairs, together with a response from @FatManTerra, will be seen within the following screenshot.