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Roger Ver took legal action after the company’s derivatives-based arm, bit.com failed to release his $8 million withdrawal request to him in June 2022. Popular crypto businessman Roger Ver has sued Smart Vega Holding Limited, a subsidiary of Matrixport. Although the case has been on since 2022, the report just came
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The investor launched a suit last year in Seychelles against Matrixport's subsidiary Smart Vega, which runs Bit.com, for confiscating $8 million, which he says Jihan Wu is keeping because Wu blames him for the collapse of CoinFLEX. Original Source
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"I was the plaintiff, not CoinFLEX," Ver insisted, adding that the suit was kept confidential in accordance with Hong Kong law. CoinFLEX "later filed a counterclaim for $84 million" and, he claimed, Lamb "broke confidentiality to intentionally misrepresent to the entire world that CoinFLEX was the plaintiff." Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent interview with the cryptocurrency-focused YouTube channel, “Show Me The Crypto”, renowned cryptocurrency pioneer and entrepreneur Roger Ver shared his views on the importance of decentralized peer-to-peer electronic cash systems such as bitcoin (BTC).
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But in a world where the blockchain transactions are truly untraceable, the significant anti-money laundering (AML) rules and regulations built up since the 1970s, and the expanded anti-terrorist financing (CFT, or countering the financing of terrorism) processes put in place since the 2000s, may become toothless. The status quo among
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If the Warren-Marshall legislation fails the necessary test, does it do more harm than good? After all, money laundering is terrible. Shouldn’t the legislation be passed even if it only helps on the margins? Here is where the harms of the legislation, namely requiring those that develop software and validate
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“I have sufficient funds on hand to pay Genesis the sums allegedly owed, and I’m happy to pay what I actually owe,” wrote Ver, who now advocates for the Bitcoin Cash (BCH) blockchain. “However, Genesis was required by our agreement to remain solvent – as Genesis can’t ask its clients
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GGC has given Ver 20 days to respond to the complaints filed against him.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
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The infamous Roger Ver is back in the headlines for all the wrong reasons. Like many players in the industry, the derivatives exchange CoinFLEX recently ran into financial trouble. Surprisingly, they blamed it all on Roger Ver and the circus started. Luckily for us, Chinese journalist Colin Wu covered “the
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Summary: The team at CoinFLEX has stated that they have a deficit of $84 million originating from ‘a large individual customer’ that had earlier been identified as Roger Ver. Initially, the deficit was estimated at $47 million, but this value did not include the significant loss in liquidating his significant FLEX coin
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