Bitcoin Cash (BCH) proponent Roger Ver has been sued by a unit of crypto lending firm Genesis over $20.8 million in unsettled cryptocurrency options.
GGC International, part of bankrupt crypto lenders, filed a lawsuit against Ver in the New York State Supreme Court on Jan. 23, and BCH supporters filed a claim against crypto options trading that expired on Dec. 30. Claimed payment failed.
Ver was given a total of 20 days to answer the summons. If a BCH supporter fails to respond within that period, they will default to full payment. As of this writing, BCH proponents have yet to respond to the matter.
According to the Genesis website, GGC International is a company based in the British Virgin Islands. The company is owned by Genesis Bermuda Holdco Limited under Genesis Global Holdco, an entity included in the bankruptcy filing.
Roger Burr did not respond to Cointelegraph’s request for comment at the time of writing.
Last year, Ver also featured heavily in default allegations. CoinFLEX CEO Mark Lamb claimed Ver owed the company $47 million of his USD Coin (USDC) and was bound by a written contract. On June 28, Ver denied those allegations without directly citing the company.
Related: Genesis bankruptcy case set for first trial
On January 20, a cryptocurrency lender filed for Chapter 11 bankruptcy in the Southern District of New York. The company has embarked on a court-supervised restructuring to move the business forward. This process is led by a special committee aimed at providing the best possible outcome for both Genesis clients and Gemini Earn users.
Meanwhile, Genesis creditors have their sights set on Genesis Global’s parent company, Digital Currency Group (DCG). On January 24, Genesis creditors filed a securities class action lawsuit against DCG and its founder and CEO Barry Silbert. Creditors alleged that the company violated federal securities laws by offering unregistered securities.
