Roger Ver Sues to Liquidate Matrixport Over $8M Dispute Linked to CoinFLEX Collapse
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Roger Ver seeks to liquidate Matrixport in Seychelles lawsuit over $8M he says Jihan Wu took from him as punishment for CoinFLEX's demise.
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Ver alleges he started arbitration against CoinFLEX seeking $200M in damages, not the other way around. Says CoinFLEX broke confidentiality.
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Matrixport acknowledges withholding Ver's funds but disputes his rationale, says it's investigating Ver's alleged "margin trading irregularities".
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Dispute centers on contract terms of service - whether Matrixport can legally withhold funds as penalty fees.
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Matrixport offered to put disputed $8M in 3rd party escrow pending resolution but Ver pursued lawsuit to wind up (liquidate) Matrixport.