A verified insider has confirmed that the "high net worth individual" who owes CoinFLEX money is Bitcoin Cash advocate & CoinFLEX shareholder Roger Ver. Ver had a long on BCH, and the platform allowed him to run a deficit because he personally guaranteed he would pay them back.
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This is incredible. A centralized yield service, CoinFLEX, gave a $47m uncollateralized loan to someone who can't pay it right now. To fund other customers' withdrawals, they are now turning his debt into a token and selling it to people, offering 20% APY on it. Amazingly degen.
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