Genesis Seeks $20.9M From ‘Bitcoin Jesus’ Over Crypto Options Trades That Weren’t Settled

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Court action seeks damages from the Bitcoin Cash $BCH backer Roger Ver related to the alleged failure to settle cryptocurrency options transactions that expired on Dec. 30, 2022. liqquidity reports

The court action seeks damages from Bitcoin Cash backer Roger Ver related to the alleged failure to settle cryptocurrency options transactions that expired on Dec. 30, 2022.

Bitcoin Jesus ” based on his early evangelism for the industry – failed to settle cryptocurrency options trades., gold bug Peter Schiff suggested that cryptocurrency investors should sell their Bitcoin holdings after a 30% rally in January.The scammers posed as members of U.Microsoft Layoffs Reportedly Hit Key VR and Metaverse Teams Disclaimer : This article is for informational purposes only.

The allegation against Ver by GGC International Limited was contained in a Jan.23 filing to the New York State Supreme Court in Manhattan.He believes that Bitcoin is little more than a speculative asset without any real underlying value and that the cryptocurrency is doomed to fail.According to the Genesis web site , GGC International Limited is a British Virgin Islands company, wholly owned by Genesis Global Capital, that carries out spot trading activity and hedges exposure with derivatives on digital assets.” FBI Says It Has Seized Bitcoin From Scammers Overseas The U.According to the filing, GGC seeks “money damages for defendant’s failure to settle cryptocurrency options transactions that expired on Dec.Ultimately, he sees cryptocurrencies as nothing more than an elaborate Ponzi scheme with the potential to wreak havoc on global economies.30, 2022, in an amount to be determined at trial but no less than $20.Read.

9 million.One possible explanation for this discrepancy is that the gold bug’s predictions are rooted in his personal beliefs rather than being based on solid evidence or research.They detailed: An investigation of a fraud scheme targeting vulnerable victims has resulted in the forfeiture of approximately 151 bitcoins, as well as other digital assets.” Ver didn’t immediately reply to requests for comment sent via email and Telegram.A Genesis press representative declined to comment.Genesis is a subsidiary of Digital Currency Group (DCG), a crypto conglomerate that also owns CoinDesk.Secret Service, and the U.Read more about.

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