Roger Ver Claims to Have Enough Money to Pay Genesis

Roger Ver, CEO of crypto exchange operator Bitcoin.com, has said that he has enough funds to pay Genesis after its affiliate GGC International Limited said he had failed to settle almost $21M in crypto options transactions.

Recall that GGC International Limited issued a court summons. After that, the Bitcoin.com CEO said he was willing to “pay what I actually owe.”

He added:

“However, Genesis was required by our agreement to remain solvent — as Genesis can’t ask its clients to play a ‘heads clients lose, tails Genesis wins’ game.”

Recall that Genesis Global Capital filed for Chapter 11 bankruptcy protection on Thursday in New York. According to the company, it has more than $150 million in cash to support its business operations and facilitate the firm’s restructuring process.