Roger Ver Sued for Defaulting on $20 Million Genesis Debt

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Roger Ver Sued for Defaulting on $20 Million Genesis Debt

As crypto lending firm Genesis begins to come to terms with its bankruptcy, one of its offshoots – GGC International, has sued popular Bitcoin Cash (BCH) advocate Roger Ver. According to a January 23 court filing made available at the New York State Supreme Court, Ver is being sued over his failure to settle crypto options transactions worth over $20.8 million. And in addition to that, GGC also wants Ver to bear whatever costs the firm incurs throughout the court proceedings.

Roger Ver and Genesis

Per the filing, Ver was due to make payment by December 30. But in what now appears to be a clear case of defaulting, Ver did not pay up. For defaulting, GGC has now given Ver 20 days to respond to the complaints filed against him. This means that he has until February 12 to come forward and state his reasons for failing to fulfill his financial obligations.

In the event ...


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Roger Ver Sued for Defaulting on $20 Million Genesis Debt