Roger Ver Initiates Legal Action in Seychelles, Seeking the Dissolution of Matrixport

Crypto News– As creditors of CoinFLEX and OPNX’s management eagerly await their day in a Hong Kong courtroom, a new legal dispute is unfolding, involving Roger Ver, sometimes referred to as ‘Bitcoin Jesus,’ and Jihan Wu, the co-founder and chairman of Matrixport. This dispute centers around the $8 million that Ver claims Wu withheld from him as a form of retribution for his alleged involvement in the downfall of the unrelated cryptocurrency exchange, CoinFLEX.

Roger Ver Initiates Legal Action in Seychelles, Seeking the Dissolution of Matrixport

In a lawsuit filed in Seychelles last year, Ver’s legal representatives argue that bit.com, a cryptocurrency exchange owned by Matrixport, has been refusing to allow him to withdraw the $8 million. Wu, who acted as a creditor for CoinFLEX, purportedly incurred financial losses when the exchange underwent a restructuring process.

The court docket states, “CoinFLEX’s insolvency lies at the heart of the reason Wu ordered Matrixport to convert my funds. CoinFLEX’s insolvency has nothing to do with the sums Matrixport owes to me.“

Furthermore, Ver finds himself entangled in the legal action against OPNX, initiated by CoinFLEX’s creditors in Hong Kong.

Ver asserts his non-involvement in the downfall of CoinFLEX

In the aftermath of CoinFLEX’s collapse, a narrative surfaced suggesting that the exchange’s downfall was linked to a substantial individual customer’s failure to meet a margin call. The exchange’s management later identified this customer as Ver, with the hope of recouping the position’s value, which amounted to $84 million, through arbitration.