Genesis' wholly-owned subsidiary demands that Bitcoin.com founder pay no less than $20.9 million in compensation

ChainCatcher news, the bankrupt Genesis's wholly-owned subsidiary GGC International Limited has filed a lawsuit against early Bitcoin investor and Bitcoin.com founder Roger Ver, claiming he failed to settle cryptocurrency options trades. GGC is seeking "monetary compensation from the defendant for failing to settle the cryptocurrency options trades that expired on December 30, 2022, with the amount to be determined at trial, but not less than $20.9 million."

According to reports, the Genesis website indicates that GGC International Limited is a British Virgin Islands company wholly owned by Genesis Global Capital, engaged in spot trading activities and hedging risk exposure through digital asset derivatives. (Source link)