Genesis subsidiary sues ‘Bitcoin Jesus’ for $20.86M

A subsidiary of bankrupt crypto lender Genesis — GGC International Limited — filed a $20.86 cardinal assertion against Bitcoin Cash (BCH) proponent Roger Ver, according to a Jan. 23 tribunal filing.

The embattled steadfast alleged that Ver failed to settee cryptocurrency options trades that expired connected Dec. 30, 2022.

The bankrupt institution besides wants the tribunal to grant it the fees it expended successful bringing the lawsuit against Ver.

Ver has to reply the allegations wrong the adjacent 20 days — otherwise, a judgement would beryllium taken against him by default.

GGC is simply a British Virgin Islands institution afloat owned by Genesis.The institution carries retired spot trading enactment and enters into derivatives referencing integer assets arsenic a principal, according to the bankrupt lender website.

Meanwhile, crypto speech CoinFLEX antecedently accused Roger Ver of owing it $47 cardinal USDC. The speech aboriginal filed a $84 cardinal assertion against the capitalist — Ver denied these allegations.

The station Genesis subsidiary sues ‘Bitcoin Jesus’ for $20.86M appeared archetypal connected CryptoSlate.