Home Cryptocurrency News Genesis Seeks $20.9M From ‘Bitcoin Jesus’ Over Crypto Choices Trades That Weren’t Settled – Yahoo Finance

Genesis Seeks $20.9M From ‘Bitcoin Jesus’ Over Crypto Choices Trades That Weren’t Settled – Yahoo Finance

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A unit of Genesis International Capital, the crypto lender that filed for bankruptcy protection in New York last week, claims longtime blockchain-industry veteran and bitcoin money (BCH) backer Roger Ver – generally known as “Bitcoin Jesus” primarily based on his early evangelism for the {industry} – didn’t settle cryptocurrency choices trades.

The allegation towards Ver by GGC Worldwide Restricted was contained in a Jan. 23 submitting to the New York State Supreme Courtroom in Manhattan.

In keeping with the Genesis web site, GGC Worldwide Restricted is a British Virgin Islands firm, wholly owned by Genesis International Capital, that carries out spot buying and selling exercise and hedges publicity with derivatives on digital property.

In keeping with the submitting, GGC seeks “cash damages for defendant’s failure to settle cryptocurrency choices transactions that expired on Dec. 30, 2022, in an quantity to be decided at trial however at least $20.9 million.”

Ver didn’t instantly reply to requests for remark despatched by way of e mail and Telegram.

A Genesis press consultant declined to remark.

Genesis is a subsidiary of Digital Forex Group (DCG), a crypto conglomerate that additionally owns CoinDesk.

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