Abstract:
- Crypto neighborhood member, FatMan Terra, has prompt 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 lift funds to cowl the $47 million deficit.
- Bitcoin Money’s Roger Ver has since denied the allegations.
Terra and Crypto Twitter neighborhood member @FatManTerra has prompt 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 Pronounces Plans to Elevate $47 Million By means of A Restoration Token.
@FatManTerra’s concept comes from information that CoinFLEX was planning to lift $47 million by means of a restoration token, rvUSD. The token will probably be issued at a fee 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 excellent 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 throughout the latest market volatility, his account went into unfavourable 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 worth.
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 Internet Value Particular person Behind CoinFLEX’s Woes.
Nevertheless, 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 clarification, Mr. Ver identified that he owes no debt to the ‘counter-party.’ Moreover, the counter-party really owes him cash, and he’s at present ‘in search of the return’ of his funds.
His statement on the complete scenario, together with a response from @FatManTerra, could be seen within the following screenshot.
