The crypto investor, on the other hand, claims that the platform owes him a significant amount of money

CoinFLEX CEO accused Roger Ver of defaulting on $47 million loan

29.06.2022 - 11:50


2 min

What’s new? Cryptocurrency exchange CoinFLEX has sent its investor Roger Ver a notice of default. CoinFLEX CEO Mark Lamb reported on Twitter that Ver owed the platform 47 million in USDC stablecoins. Lamb revealed that the exchange entered into a written agreement with the investor obliging him personally to provide negative equity on the CoinFLEX account and regularly top up margin.

What else did Lamb write? With Roger Ver denying the debt, the head of CoinFLEX felt it necessary to clarify to the public that the position is 100% related to the investor’s account. Lamb also stated that the exchange has no debt obligations to Ver and that his statements are “blatantly false.”

On June 28, the founder of said on Twitter that there was no debt to the exchange. According to Ver, the platform owes him a significant amount of money, which he is now seeking to recover.

Roger Ver is one of the early investors in crypto startups. He made his fortune through his bitcoin investments and is the founder of

On June 24, CoinFLEX suspended withdrawals from the platform “due to extreme market conditions.” The platform’s native token FLEX trading had also been temporarily halted. Withdrawals will resume approximately on June 30, the company noted that the timing may change.

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