BCH’s Roger Ver Rumored to be the High Net Worth Individual Who Owes CoinFLEX $47M

Abstract:

• Crypto group member, FatMan Terra, has steered that Roger Ver is the excessive internet value 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 steered that Roger Ver is the excessive internet value 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 value 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 Broadcasts Plans to Increase $47 Million By A Restoration Token.

@FatManTerra’s principle comes from information that CoinFLEX was planning to boost $47 million by a restoration token, rvUSD. The token can be issued at a price of 1 USDC per rvUSD, with a most of 47 million being allotted.

In keeping with the rvUSD whitepaper by CoinFLEX, the restoration token launch is the results of a excessive internet value particular person owing the platform precisely $47 million. They explained:

rvUSD is a token issued by Liquidity Applied sciences Ltd. (“CoinFLEX”) associated to an impressive debt owed by a sure excessive internet value 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 damaging fairness. In regular circumstances, we might 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 which means they won’t be liquidated in change for personally guaranteeing their account fairness in writing.

Roger Ver Denies Rumors That He’s the Excessive Web Value Particular person Behind CoinFLEX’s Woes.

Nonetheless, Bitcoin Money’s Roger Ver has since issued an announcement 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 presently ‘in search of the return’ of his funds.

His statement on the complete state of affairs, together with a response from @FatManTerra, will be seen within the following screenshot.