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“Bitcoin Jesus” Roger Ver is sued by Genesis for $21 million

Roger Ver, known as “Bitcoin Jesus” for his very early promotion of Bitcoin, and now a supporter of Bitcoin Cash is being sued by bankrupt crypto lender Genesis Global Capital. At the center of a lawsuit is a debt of $21 million for failing to meet a margin call which expired on Dec. 30.

Unfortunately, this is not the first time Ver has been mentioned for such failure. Back in June 2022, he failed to repay a $47 million stablecoin margin call to CoinFlex, of which he was a shareholder. This forced the centralized exchange to pause withdrawals and file for restructuring in the Seychelles.

Genesis Global Capital filed for Chapter 11 last week, along with two other subsidiaries. And trouble is still brewing for parent company DCG and its founder Barry Silbert. CoinDesk, also owned by DCG, has retained Lazard as financial adviser and several industry actors have already shown their interest in buying part or all of CoinDesk. Grayscale filed a lawsuit against the SEC for its Bitcoin ETF decision, the trial date is set for the 7th of March.

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Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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