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
” based on his early evangelism for the industry – failed to settle cryptocurrency options trades.
The allegation against Ver by GGC International Limited was contained in a Jan. 23 filing to the New York State Supreme Court in Manhattan., 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.
According to the filing, GGC seeks “money damages for defendant’s failure to settle cryptocurrency options transactions that expired on Dec. 30, 2022, in an amount to be determined at trial but no less than $20.9 million.”A Genesis press representative declined to comment.Read more about
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