- Crypto group member, FatMan Terra, has prompt that Roger Ver is the excessive web 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 prompt that Roger Ver is the excessive web 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 web price particular person” who owes CoinFLEX cash is Bitcoin Money advocate & CoinFLEX shareholder Roger Ver.
Ver had a protracted on BCH, and the platform allowed him to run a deficit as a result of he personally assured he would pay them again.
CoinFLEX Proclaims Plans to Increase $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 might be issued at a price of 1 USDC per rvUSD, with a most of 47 million being allotted.
In accordance with the rvUSD whitepaper by CoinFLEX, the restoration token launch is the results of a excessive web 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 web price particular person (the “Particular person”) to CoinFLEX.
The Particular person is a very long time buyer of the CoinFLEX platform and through the latest market volatility, his account went into unfavorable fairness. In regular circumstances, we’d auto-liquidate a place that runs low on fairness at costs which might be previous to the zero-equity value.
On this case, the Particular person had a nonliquidation recourse account, a situation meaning they won’t be liquidated in alternate 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.
Nevertheless, Bitcoin Money’s Roger Ver has since issued an announcement by way of 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 presently ‘looking for the return’ of his funds.
His statement on all the state of affairs, together with a response from @FatManTerra, may be seen within the following screenshot.