Illustration by Alex Castro / The Verge
One of the difficulties of cryptocurrency is figuring out who to believe. Case in point: the conflict between Mark Lamb, CEO of CoinFlex, and Roger “Bitcoin Jesus” Ver, an early Bitcoin investor. Lamb says Ver owes his company $47 million and is the reason the company froze customer withdrawals last week. Ver denies this and says that, in fact, CoinFlex owes him money.
CoinFlex, an exchange, froze withdrawals on June 27th, saying that it would restart withdrawals on June 30th with one condition: CoinFlex needs to sell tokens related to a debt owed by a “certain high net worth individual.” (The company did not initially name Ver.)
Eleven days ago, we pointed out a few crypto firms with problems that could…
