cryptoknowmics.com
A unit of Genesis Global, the crypto lender that filed for bankruptcy protection in New York last week, has claimed blockchain-industry veteran and Bitcoin Cash backer Roger Ver, who is also referred to as “Bitcoin Jesus” sometimes based on his early evangelism for the industry, failed to settle cryptocurrency options trades. The allegation against Ver by GGC International Ltd. was contained in a Jan. 23 filing to the New York State Supreme Court in Manhattan.
Genesis Wants Bitcoin Jesus to Cough up $20.9M
According to the Genesis website, GGC International is a British Virgin Islands company, wholly owned by Genesis Bermuda Holdco Limited, that carries out spot trading activity and hedges exposure with derivatives on digital assets. Genesis Bermuda Holdco Limited, in turn, is a unit of Genesis Global Holdco LLC, one of the entities included in last week's bankruptcy filing, according to a document presented in the case.
No Response from Roger Ver and Genesis So Far
According to the filing, GGC International seeks “money damages for defendant’s failure to settle cryptocurrency options transactions that expired on Dec. 30, 2022, in an amount to be determined at trial but no less than $20.9 million.”
Ver didn’t immediately reply to requests for comment sent via email and Telegram.
A Genesis press representative declined to comment.