The so-called “Bitcoin Jesus,” Roger Ver, has been summoned to repay over $20 million in damages to Genesis after failing to settle certain cryptocurrency options transactions before the payment deadline.
The investor has been given 20 days to answer the summons, after which he will be forced to pay reparations by default.
- As reported by Offshore Alert, the filing was submitted by a British Virgin Islands-domiciled affiliate of Genesis, which designated New York Country as the place of trial.
- The filing states that the options transactions in question expired on December 30. Failing to answer the summons will require Ver to repay at least $20,869,788, alongside Genesis’s costs, expenses, and attorney’s fees.
- This isn’t the first time Ver has gotten into legal trouble this crypto winter. In July, the Seychelles-based crypto exchange CoinFlex sued Ver for $84 million for failing to repay his margin debt.
- CoinFlex had made a special arrangement for Ver in which it agreed not to liquidate the collateral on his trade when it reached the regular limit, due to trust in him as a counterparty. The company filed for restructuring in August.
- Genesis, too, has filed for bankruptcy, after going down as the largest…
