Bitcoin.com CEO Roger Ver says he has funds to pay nearly $21 million to Genesis

Bitcoin.com CEO Roger Ver, also called “bitcoin Jesus,” says he has sufficient funds to pay Genesis after its affiliate GGC Worldwide Restricted mentioned he did not settle almost $21 million in cryptocurrency choices transactions.

GGC Worldwide Restricted issued a courtroom summons on Tuesday to Ver. On social media, Ver mentioned he was “comfortable to pay what I really owe.”

“Nevertheless, Genesis was required by our settlement to stay solvent — as Genesis can’t ask its shoppers to play a ‘heads shoppers lose, tails Genesis wins’ recreation,” Ver mentioned.

A spokesperson for Genesis declined to remark by way of e-mail.

Genesis’s lending arm filed for chapter safety final week within the U.S. Chapter Courtroom for the Southern District of New York. On the time, the agency mentioned it had greater than $150 million in money available to offer “ample liquidity” to help its enterprise operations and facilitate the restructuring course of.

Ver mentioned he requested Genesis for “assurances of their solvency” and was supplied with monetary info that he requested for them to make clear. Ver mentioned Genesis refused and filed swimsuit.

Different lawsuits

“I look ahead to a proof from Genesis as to how precisely they valued among the questionable line objects, together with what seem like discrepancies between the valuation of buyer collateral and their very own digital belongings,” Ver mentioned.

Genesis can also be embroiled in a lawsuit with the Securities and Trade Fee after the U.S. regulator mentioned each Genesis and Gemini have been concerned with the unregistered providing and sale of securities by means of the Gemini Earn lending program.

Ver did not instantly reply to a request for additional remark.