Roger Ver says Genesis is owed $21 million, pending ability to pay

Roger Ver says Genesis is owed $21 million, pending ability to pay

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Roger VerBitcoin.com CEO said he had “adequate funds” to pay now-bankrupt crypto broker Genesis the $21 million he owes.

What happened: In a Reddit post on Wednesday, Ver said he had “sufficient funds to pay Genesis the amounts allegedly owed.”

He wrote: “I’m happy to pay what I actually owe. However, according to our agreement, Genesis was required to remain solvent – ​​as Genesis cannot ask its customers to play a “heads lose customers, tails, Genesis wins” game.”

Ver, aka ‘Bitcoin BTC/USD Jesus responded to the post yesterday and shared a screenshot of his comment on Twitter this Wednesday morning.

See more: Best Crypto Day Trading Strategies

This comes after GGC International, a unit of Genesis Global, said in a New York state court filing that it owes the company $20.86 million for “failing to settle cryptocurrency options transactions” that expired on December 30.

Early last week, Genesis applied for creditor protection, following the dramatic market slump that has hit other crypto giants like FTX and BlockFi. The company’s credit department said it had between $1 billion and $10 billion in assets and liabilities on its files.

price action: BTC is up 2.29% in the last 24 hours, trading at $23,146, according to Benzinga Pro.

Continue reading: 20 Million Uniswap Members Say “Yes” to Binance Move: What the “Temperature Check” Means

photo from official LeWeb photos on Flickr

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