A subsidiary of bankrupt crypto lender Genesis — GGC International Limited — filed a $20.86 million claim against Bitcoin Cash (BCH) proponent Roger Ver, according to a Jan. 23 court filing.
The embattled firm alleged that Ver failed to settle cryptocurrency options trades that expired on Dec. 30, 2022.
The bankrupt company also wants the court to award it the fees it expended in bringing the case against Ver.
Ver has to answer the allegations within the next 20 days — otherwise, a judgment would be taken against him by default.
GGC is a British Virgin Islands company fully owned by Genesis.The company carries out spot trading activity and enters into derivatives referencing digital assets as a principal, according to the bankrupt lender website.
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