Roger Ver, the blockchain-industry veteran once known as lBitcoin Jesusr thanks to his early evangelism for the cryptocurrency, said Wednesday that he has lsufficient fundsr to make good on payments allegedly owed to the crypto lending firm Genesis Global.
The issue, according to Ver, is the failure by Genesis to provide the requested assurances about its finances.
Ver provided the comments to CoinDesk in a Telegram chat n and also posted them on Reddit and Twitter n after he was accused by a unit of Genesis Global this week in a New York state court filing of failing to settle cryptocurrency options trades. The unit, GGC International, seeks at least $20.9 million in damages related to the matter.
Genesis Global filed for bankruptcy last week. (Genesis is a unit of Digital Currency Group, which also owns CoinDesk.)
lI have sufficient funds on hand to pay Genesis the sums allegedly owed, and Irm happy to pay what I actually owe,r wrote Ver, who now advocates for the Bitcoin Cash (BCH) blockchain. lHowever, Genesis was required by our agreement to remain solvent n as Genesis canrt ask its clients to play a lHeads clients lose, tails Genesis winsr game.r
According to Ver, he asked Genesis last June lfor assurances of their solvency.r
lIn return, Genesis provided me with financial information that has been called into question by recent events,r Ver wrote. lWhen I asked Genesis to clarify the financial information they had provided me, they refused, and instead chose to file suit.r
Ver said he lhoped to obtain this information from them quickly and amicably, as I value our relationship, but it appears I will now be forced to get to the bottom of this in discovery.r
Asked why any concerns about Genesisrs finances would affect his willingness to pay the amount owed, Ver said he wouldn't lbe commenting more at the moment.r
A Genesis press representative didn't immediately reply to a request for comment.
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