Cryptocurrency

United

Bitcoin

<div class="finbold">
 <p class="paragraph">Roger Ver, a <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> businessman and influencer, sued a subsidiary of billionaire Jihan Wu’s Matrixport in Seychelles over frozen <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency funds last year. However, this case has remained relatively unknown until now.&nbsp;</p>
 <div></div>
 <p class="paragraph">Ver issued a statement saying that he sued Smart Vega Holding Limited, a division of Matrixport, in August 2022 for $8 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> after he could not withdraw this amount due to the stumping of the industry last year, according to a report by <em>The Block</em> on November 6.&nbsp;</p>
 <p class="paragraph">Ver states that his request to withdraw $8 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> from bit.com in June 2022 was blocked by Wu, his fellow co-founder of Bitmain, solely because he held Ver responsible for his losses at CoinFLEX.</p>
 <h2 class="wp-block-heading" id="h-different-accounts-of-the-same-event">Different accounts of the same event</h2>
 <p class="paragraph">After the findings that his lawsuit was underway, Roger Ver issued a statement that explained his undertaking:</p>
 <blockquote class="wp-block-quote">
  <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
   <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
    <div class="max-w-[300px]">
     <div class="py-0 first:pt-0 last:pb-0">
      <div class="flex gap-x-4">
       <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/06/de5be6740b54e4e6a5ab30dd20558176.webp" alt class=" w-full rounded-md lazy">
       </div>
       <div>
        Cryptocurrency 
        <h3 class="font-bold leading-6 " id="bitcoin-price-prediction-as-700k-new-addresses-join-the-network-in-a-day">Bitcoin price prediction as 700k new addresses join the network in a day</h3>
        <div class="sm:flex gap-x-3 mt-2">
        </div>
       </div>
      </div>
     </div>
    </div>
    <div class="max-w-[300px]">
     <div class="py-0 first:pt-0 last:pb-0">
      <div class="flex gap-x-4">
       <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/06/c77ac582927803731e31737f86839ee0.webp" alt class=" w-full rounded-md lazy">
       </div>
       <div>
        Cryptocurrency 
        <h3 class="font-bold leading-6 " id="ton-becomes-the-world-s-fastest-blockchain">TON becomes the world’s fastest blockchain</h3>
        <div class="sm:flex gap-x-3 mt-2">
        </div>
       </div>
      </div>
     </div>
    </div>
    <div class="max-w-[300px]">
     <div class="py-0 first:pt-0 last:pb-0">
      <div class="flex gap-x-4">
       <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/06/86b145a3d4a565404cc42acbd9d518dc.webp" alt class=" w-full rounded-md lazy">
       </div>
       <div>
        Cryptocurrency 
        <h3 class="font-bold leading-6 " id="united-nations-warns-bitcoin-has-concerning-impacts-on-climate-water-and-land">United Nations warns 'Bitcoin has concerning impacts on climate, water, and land'</h3>
        <div class="sm:flex gap-x-3 mt-2">
        </div>
       </div>
      </div>
     </div>
    </div>
    <div class="max-w-[300px]">
     <div class="py-0 first:pt-0 last:pb-0">
      <div class="flex gap-x-4">
       <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/06/fedf251c163c5a2ce07f070e3eaae5a5.webp" alt class=" w-full rounded-md lazy">
       </div>
       <div>
        Cryptocurrency 
        <h3 class="font-bold leading-6 " id="4-altcoins-to-buy-amid-heating-up-markets">4 altcoins to buy amid heating up markets</h3>
        <div class="sm:flex gap-x-3 mt-2">
        </div>
       </div>
      </div>
     </div>
    </div>
    <div class="max-w-[300px]">
     <div class="py-0 first:pt-0 last:pb-0">
      <div class="flex gap-x-4">
       <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/04/2c746a9643a2ded6004f7847523f36d2.webp" alt class=" w-full rounded-md lazy">
       </div>
       <div>
        Cryptocurrency 
        <h3 class="font-bold leading-6 " id="chatgpt-picks-3-cryptocurrencies-with-the-lowest-yearly-supply-inflation">ChatGPT picks 3 cryptocurrencies with the lowest yearly supply inflation</h3>
        <div class="sm:flex gap-x-3 mt-2">
        </div>
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
  <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
   <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
   </div>
  </div>
  <p class="paragraph">&nbsp;“The reason my funds were unavailable for withdrawal was because Wu had instructed Respondent not to release them to me. Wu had done so because he believed I owed sums to a third party who owed sums to him. His belief was both false and irrelevant,” said an affidavit filed to the Supreme Court of the Seychelles in September 2022.&nbsp;</p>
 </blockquote>
 <p class="paragraph">A spokesperson of Matrixport issued a statement that offers an entirely different recount of events.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“Mr. Ver is a bit.com customer. This matter stems from the outcome of an exchange investigation into Mr. Ver’s margin trading irregularities on bit.com, which found that he was in breach of his contractual obligations. Subject to a penalty fee for margin call defaults, Mr. Ver was free to withdraw his funds but instead disputed the penalties payable,” stated the public relations director at Matrixport, Ross Gan.&nbsp;&nbsp;</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-coinflex-crisis-still-underway">CoinFLEX crisis still underway</h2>
 <p class="paragraph">CoinFLEX filed for restructuring in August 2022 after a public dispute with Ver in which it accused its former investor of defaulting on an $84 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> debt owed to the company.&nbsp;</p>
 <p class="paragraph">Last week, creditors of CoinFLEX accused Mark Lamb, former owner, of going missing by rerouting resources, sued him and claimed that Lamb settled his debt with Ver earlier this year. The CoinFLEX creditors now hope to get their money back from the businessman.</p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-jesus-roger-ver-sues-matrixport-for-freezing-8-million-in-crypto-tbt69176.html">https://thebittimes.com/bitcoin-jesus-roger-ver-sues-matrixport-for-freezing-8-million-in-crypto-tbt69176.html</a></p>

‘Bitcoin Jesus’ Roger Ver sues Matrixport for freezing $8 million in crypto

Table of Contents

TheBitTimes

Other articles published on Nov 6, 2023

Snowflake allows non-tech users to tap into the potential of generative AI

Unlock Earning features — Live Streaming on Chingari with GARI Pandas! 🐼📱💰

Analyst Unveils Valhalla's Crypto Summit in Upcoming Bullish Rally

Bitrace Sheds Light on the Perils of Telegram's Crypto Exchange Bots

XRP: Crypto Exchange Bitrue Shares Important Update for XRP Holders

21Bitcoin Secures €2.1 Mln Funding To Boost Bitcoin Financial Services

Join our free newsletter for daily crypto updates!