trading platform coinflex today announced Limited withdrawals after customers were frozen last month amid a dispute with leading crypto investor Roger “Bitcoin Jesus” Ver.
The company said in a Thursday blog post that users can now withdraw 10% of their funds — but not flexUSD, the platform’s stablecoin — until further notice.
“We will enable limited withdrawals for all users this week and will continue to work with a laser focus on our recovery plans,” the company said.
coinflex last week Told It was entering arbitration in Hong Kong to recover $84 million in damages – which it blamed on a “large individual client”. The company previously identified the man as Roger Ver, a noted bitcoin evangelist and angel investor, though did not name him in the arbitration announcement.
forum last month freeze clearance– Joining a long list of companies affected by a combination of questionable business practices and financial uncertainty due to a brutal bear market.
However, CoinFLEX’s story is a little different: the company claims Ver, an early bitcoin investor turned bitcoin cash proponent and arguably one of crypto’s most recognizable names, owes him $47 million.
Coinflex CEO Mark Lamb said that Ver is in an agreement to pay Coinflex cash in the form of USDC stablecoin by default, and that is why the platform is struggling and had to stop withdrawals. Ver denied the allegation and claimed that CoinFLEX actually owed him the money, which Lamb also denied.
Ver became known as “Bitcoin Jesus” in the early days of cryptocurrency, when he spent his time preaching the bitcoin gospel and investing in early bitcoin startups.
Bitcoin then experienced a hard fork – when a blockchain network split in two and a new cryptocurrency was created – and Bitcoin Cash was born.
Ver now supports Bitcoin Cash on the native Bitcoin and is the CEO of crypto education website and wallet, Bitcoin.com.
Ver did not respond immediately decryptComment request.
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