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Roger Ver owes CoinFLEX $47 Million USDC. We have a written contract with him obligating him to personally guarantee any negative equity on his CoinFLEX account and top up margin regularly. He has been in default of this agreement and we have served a notice of default.
— Mark Lamb 💪 (@MarkDavidLamb) June 28, 2022
Recently some rumors have beenspreading that I have defaulted on adebt to a counter-party. These rumorsare false. Not only do I not have a debtto this counter-party, but this counter-party owes me a substantial sum ofmoney, and I am currently seeking thereturn of my funds.
— Roger Ver (@rogerkver) June 28, 2022
This is incredible. A centralized yield service, CoinFLEX, gave a $47m uncollateralized loan to someone who can’t pay it right now. To fund other customers’ withdrawals, they are now turning his debt into a token and selling it to people, offering 20% APY on it. Amazingly degen. pic.twitter.com/6CyEfAqXKP
— FatMan (@FatManTerra) June 27, 2022
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