The controversial BitcoinCash proponent is facing more legal troubles
to respond to a demand for $20 million in crypto options payment by Genesis Global Limited. The demand was made as part of a summons issued by the Supreme Court of New York County.
The summons alleged that Ver had failed to settle cryptocurrency options transactions that expired on December 30, 2022. Genesis Global is seeking damages in an amount of no less than $20,869,788 from the Bitcoin Cash proponent., Genesis, a subsidiary of Barry Silbert's Digital Currency Group, filed for bankruptcy earlier this month.
If the Court takes a default judgment against Ver as a result of his failure to respond to the summons, he could face extensive legal costs and potentially punitive damages. The latest development comes just a few months after Ver was served a notice of default by cryptocurrency exchange CoinFLEX. As reported by U.Today, CEO Mark Lamb alleged that Ver owed his company $47 million worth of USD Coin tokens after failing to meet margin requirements.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
'Fair Play': Sundance's Dirty, Sexy $20 Million Hit That Seduced NetflixThe surprise hit out of Sundance and the fest’s first-big ticket deal, this old-school mix of sex, bad behavior, corporate intrigue and more sex is a gorgeously smutty throwback
Lire la suite »
Seized artifacts worth $20 million are shown off on return to ItalyItaly celebrated the return of 60 ancient artifacts worth more than $20 million from the United States with a display in Rome's Spadolini Hall on Monday.
Lire la suite »
BACK IN ITALY: $20 Million Worth Of Treasures Illegally Trafficked To U.S.The 60 returned pieces had been sold by art dealers and ended up in private U.S. collections without the necessary documentation.
Lire la suite »
My mom won’t babysit her grandchild unless I pay her $20 an hour plus overtimeMy mom won't babysit her grandchild unless I pay her $20 an hour plus overtime
Lire la suite »
Hailey Bieber Loves Wearing These Sheer Tights — and They're Only $20Hailey Bieber Channels “Gossip Girl” in a Pleated Mini Skirt and School Girl Loafers
Lire la suite »