Roger ver got liquidated and owes like 47 million to CoinFLIX

[edgycorner]

In order to fund other user's withdrawals, Coinflix turned his debt into a token with 20% APY
Read all about it here
https://www.reddit.com/r/CryptoCurrency/comments/vmuc02/roger_ver_has_been_liquidated_on_coinflix_and_now/
 
Apparently, he went looong on his shitcash

RogerVer and his shitcash are officially over.

And stay away from coinflix's 20%APY ponzi token. He's never going to pay.

[franky1]

i smell shady business

ignoring the altcoin drama and social stuff..
the service is saying [unnamed] defaulted. and now wants others(strangers) to pay them $47m

dont buy into this shady token. i smell to many rotten fish

here is what really happens in such similar advertised schemes

scam site+"shareholder" asks random customers to pay them $47m for a token. and (the obvious end result of these games) later will probably say that the [unnamed] defaulter only paid in 1%. thus customers only get $470k back
(typical 'pennies on the dollar' default arrangement)

meanwhile scam site+"shareholder" keeps $46.530m

by the way "shareholder" in this case is also the same [unnamed] that is suppose to be in debt to them..

[OgNasty]

Man, they’re really moving on this. I don’t know what Roger was thinking with this arrangement, but apparently it isn’t as cut and dry as him being liquidated. He had some sort of a handshake deal from what I’ve read where he has historically been adding liquidity as needed when requested. This time instead of adding liquidity, he asked for the remainder of his funds. That’s where the problem lies. Roger thinks they should have returned his balance and they think he should give them more funds. My guess is that the funds are already gone and Roger knows it, so instead of tossing more money their way, he’s going to dispute this and then recoup what losses he can when they file for bankruptcy. They’re trying to shame Roger into giving them more money and he’s playing chicken with them being able to stay solvent. Both parties are huge losers here. An 8-figure loss hurts. I don’t care who you are.

[DapanasFruit]

Oh wow...can this be a big news for the crypto world...a new platform to collapse in this dread days of the crypto winter period? I am not having the details on this latest drama but on the face of it this looks another reason why people should never trust programs that are really too good to be true because eventually there will always be a time of reckoning...and of course anything that has something to do with Roger Ver should be avoided at all cost.

[tranthidung]

20% APY, we already witnessed a lesson from Terra LUNA UST catastrophe. Do we need more?

This bear market is the worst ever if we look at it in an aspect that how it can liquidate venture capitals, lending platforms with millions to billions of dollar in value. That is absolutely the worst ever time we have seen in cryptocurrency market history.

It is good if we see it as a way the market refreshes itself, one way or another, via forced liquidations or else means. It's good as after all we will have a cleaner market to move onwards. The halving in 2024 is waiting for us and it is not too far from June 2022.

[mk4]

Didn't Roger Ver have like a crap ton of bitcoin due to him being so early? All he literally needed to do was to hold on to it and chances are that he'll be far wealthier after 5 years; and he managed to mess all that up.

[edgycorner]

~

At least they are selling it to only accredited investors.  People with fuck you money won't care if it fails.
If it works, his debt will be sold to other people at 83% through this token(someone in the reddit comment section did the math lol, not me)

Man, they’re really moving on this. I don’t know what Roger was thinking with this arrangement, but apparently it isn’t as cut and dry as him being liquidated. He had some sort of a handshake deal from what I’ve read where he has historically been adding liquidity as needed when requested. This time instead of adding liquidity, he asked for the remainder of his funds. That’s where the problem lies. Roger thinks they should have returned his balance and they think he should give them more funds. My guess is that the funds are already gone and Roger knows it, so instead of tossing more money their way, he’s going to dispute this and then recoup what losses he can when they file for bankruptcy. They’re trying to shame Roger into giving them more money and he’s playing chicken with them being able to stay solvent. Both parties are huge losers here. An 8-figure loss hurts. I don’t care who you are.

++
It all makes sense now.

Didn't Roger Ver have like a crap ton of bitcoin due to him being so early? All he literally needed to do was to hold on to it and chances are that he'll be far wealthier after 5 years; and he managed to mess all that up.

yea, in thousands ig
Probably even more than what Winklevoss twins had
Poor guy got scammed into shitcash at 0.5 BTC lol

[odolvlobo]

That reddit post is so incredibly biased that it would be smart to disregard it because many of the statements made by the author are likely to be false.

[Poker Player]

It seems to me that this whole matter between Roger Ver and CoinFLIX is going to end up in court, as a search on the internet shows that Roger denies that he owes anything and CoinFLIX says otherwise. Being quite a lot of money involved, I think it is going to end up in the hands of lawyers.

20% APY, we already witnessed a lesson from Terra LUNA UST catastrophe. Do we need more?

This bear market is the worst ever if we look at it in an aspect that how it can liquidate venture capitals, lending platforms with millions to billions of dollar in value.

I believe it will not be the last of this style that we will see. The bad thing is that this influences the global cryptocurrency system and drives the price down, including Bitcoin.

[NeuroticFish]

I've read some days ago that Roger Ver is broke. But since it was not from a reliable source I didn't give it so much attention.
If it's true - and I would not be surprised if it's so, since he has wasted shitload of money for his crappy altcoin - then I see it as "yet another Bitcoin enemy going down".

Just one question: if he's so much broke, does he still afford to keep bitcoin.com? Because that domain name does worth quite a nice amount, you know...

[franky1]

I've read some days ago that Roger Ver is broke. But since it was not from a reliable source I didn't give it so much attention.
If it's true - and I would not be surprised if it's so, since he has wasted shitload of money for his crappy altcoin - then I see it as "yet another Bitcoin enemy going down".

Just one question: if he's so much broke, does he still afford to keep bitcoin.com? Because that domain name does worth quite a nice amount, you know...

put some of the social drama bias of clan wars aside. reddit is ripe with all that drama..

if these reddit social drama/twitter war stuff comes to a court case where ver is indebt. im sure the bitcoin.com would become part of the claim to get some value from

though i smell more of a scheme outside a debt courtroom and just some social drama trying to get some clcickbait interest to advertise a token begging for $47m

whats seems more bitcoin community afflicting/risky/harmful is the tokenisation of unproven debt(where they use twitter/reddit as sole proof of claim)
to then tokenise and beg for $47m from random individuals..

.. its a 9 month old company that has no actually big project that is worthy of that amount having been done in the last 9 months. (red flag).
not saying Ver is innocent or not indebt. .. just saying ver is also a share holder of that very same company. which adds on an extra layer of shady.

[NeuroticFish]

then tokenise and beg for $47m from random individuals..

.. its a 9 month old company that has no actually big project that is worthy of that amount having been done in the last 9 months. (red flag)

Already tokenize some sketchy random debt is big enough red flag

But we both know that if they can wrap the shit in a shiny enough paper, there may be* enough people too greedy and too stupid to notice the stench and will buy in.
*I've said only "may be" because I expect that in the bear market some of the potential buyers may have got some more sense. So the 9 old company is not smart enough to do this crap when crypto investors are not panicking about their investments' future

[Husires]

I hope that things will go well. The cryptocurrency market has ballooned greatly during the past two years and a lot of people have to lose, but unfortunately those who still hold these currencies will lose.

Does anyone know how much Roger Ver has in Bitcoin Cash? And whether the news will affect BCH or him? Or is it a normal liquidation that he can bear his losses (or move them on to other people)?

[Wind_FURY]

Roger Ver is one of those Bitcoin personalities who has destroyed his own reputation, and probably wasted his precious Bitcoins to invest in business/companies based on his forked-shitcoin Bitcoin Cash. It would have been his best move if he kept quiet and did nothing. He would probably be one of the biggest Bitcoin billionaires in crypto.

During the scaling debate, I believe Jihan Wu used him.

[Widdop37]

Lol, it's now one bad news after the other, I not surprised though because every bear market there is always dozens or more bad news, either shady or not this will always happen, the thing is some whales will get wrecked as well and the more this happens the more fear will erupt in crypto space.

[wheelz1200]

In order to fund other user's withdrawals, Coinflix turned his debt into a token with 20% APY
Read all about it here
https://www.reddit.com/r/CryptoCurrency/comments/vmuc02/roger_ver_has_been_liquidated_on_coinflix_and_now/
 
Apparently, he went looong on his shitcash

RogerVer and his shitcash are officially over.

And stay away from coinflix's 20%APY ponzi token. He's never going to pay.

Is 20%APY the same percentage that Luna offered lol.  I mean any project that guarantees that type of percentage is a fire just waiting to collapse.  When will people learn the adage if it's too good to be true it typically is.  But guaranteed people will still fall for this crap lol.

[TastyChillySauce00]

Lol, it's now one bad news after the other, I not surprised though because every bear market there is always dozens or more bad news, either shady or not this will always happen, the thing is some whales will get wrecked as well and the more this happens the more fear will erupt in crypto space.

This gonna be a very long drama. Like what garry said about lending platform that was offering a non sense APY that was being too good to be true but some people may keep deny the fact that if these lending platforms were just another shady platforms that will be dead anytime.

This is a very interesting drama and wanna take some popcorns for this. The interesting thing is how fatman is always coming in any drama that happened in crypto.  that guy was everywhere.

[Coin_trader]

So this means that Coinflix offers an APY in the form of IOU since the payment will be coming from Roger Ver pocket which he keeps denying until now? This is bullshit and I still not gonna bite this even with 1000% APY since Roger has no sign of paying the debt unless coinflix is willing to sue him which will be a long way to retrieve the money. I mean what’s wrong with this people that offering someones debt as payment to stake money of there customers. 

[edgycorner]

That reddit post is so incredibly biased that it would be smart to disregard it because many of the statements made by the author are likely to be false.

There's still some truth in it.

Check the formatting of this tweet https://mobile.twitter.com/rogerkver/status/1541822377461415936
Copy pasted message + clearly too scared to even reference them directly by name(~Counter-party).

So this means that Coinflix offers an APY in the form of IOU since the payment will be coming from Roger Ver pocket which he keeps denying until now? This is bullshit and I still not gonna bite this even with 1000% APY since Roger has no sign of paying the debt unless coinflix is willing to sue him which will be a long way to retrieve the money. I mean what’s wrong with this people that offering someones debt as payment to stake money of there customers.  

Yea, it's bound to fail.

Roger Ver is one of those Bitcoin personalities who has destroyed his own reputation, and probably wasted his precious Bitcoins to invest in business/companies based on his forked-shitcoin Bitcoin Cash. It would have been his best move if he kept quiet and did nothing. He would probably be one of the biggest Bitcoin billionaires in crypto.

During the scaling debate, I believe Jihan Wu used him.

His reputation was already exploded when people got to know about his ebay fiasco 
But this time, he's left with no reputation+probably no money either




https://www.reddit.com/r/Buttcoin/comments/vmvq8g/whistleblower_reveals_inside_look_at_coinflexs/

[Wind_FURY]

Roger Ver is one of those Bitcoin personalities who has destroyed his own reputation, and probably wasted his precious Bitcoins to invest in business/companies based on his forked-shitcoin Bitcoin Cash. It would have been his best move if he kept quiet and did nothing. He would probably be one of the biggest Bitcoin billionaires in crypto.

During the scaling debate, I believe Jihan Wu used him.

His reputation was already exploded when people got to know about his ebay fiasco 
But this time, he's left with no reputation+probably no money either




https://www.reddit.com/r/Buttcoin/comments/vmvq8g/whistleblower_reveals_inside_look_at_coinflexs/

Was that about Roger Ver and his fireworks business before he became a popular Bitcoin personality? I believe that didn't give him a bad reputation as a Bitcoiner because no one cared about it. What destroyed it was his support of Jihan Wu and the Chinese Mining Cartel's "big block" hard fork.

PLUS, if he literally did NOTHING from an investment standpoint, his Bitcoin would all be in profit and he would have enough capital for himself, and his grandchildren's grandchildren. Has he really lost everything that he has defaulted on a leveraged trade in Bitcoin Cash?