Mark Lamb's net worth CoinFLEX clarified however that the counterparty was not the troubled hedge fund Three Arrows Capital or any lending firm, ruling out companies like Celsius and BlockFi, which are facing their liquidity issues at the moment. Mark: CoinFLEX, as with any futures exchange, is a complex business and requires many different parts to be completely spot on. For building out futures into a proper borrowing and lending trade and business, cash settled futures are useless and physical futures are the only thing that work. Earn, and earn some more. Its been a quiet year for the Corner because weve been mostly heads-down focusing on building out our crypto offering on TT. One of the recent derivatives exchange success stories is CoinFLEX. CoinFLEX made the decision to halt user withdrawals on June 23, shortly after a long-time customer of CoinFLEX went into negative equity. CoinFlex said it would issue $47 million worth of a digital coin, offering 20% . Total repo volume exceeds $115B. On Tuesday, CoinFlex CEO Mark Lamb named Roger Ver, who earned the nickname "Bitcoin Jesus" for his evangelical views early on in the industry, as the investor who failed to pay $47 million of . He stated that his statement is false and expressed his disappointment in Ver that he shouldnt have resorted to such tactics to escape from his liabilities. Sep 21, 2022. Our goal is to become the most liquid for any size, and we believe these incentive mechanisms will help drive that. And the market is quickly and quietly maturing, so theres an element of business as usual forming around us. One day a trader could decide to be a market-maker, the next it may make more sense to primarily be a taker. Founders of collapsed crypto hedge fund Three Arrows Capital (3AC) Su Zhu and Kyle Davies are reportedly trying to raise money for a new cryptocurrency exchange in partnership with Coinflex cofounders Mark Lamb and Sudhu Arumugam. The tweet was a follow-up to a rumor that was spreading that Roger Ver owed the exchange $47 million USDC. Escape market volatility and still participate in the upside. Lamb stated that a notice of default has been served to Roger Ver. You can revoke your consent to accept cookies using the Revoke Consent button. Some exchanges pay makers for every trade, some do aggressive affiliate programs, and others pay a healthy monthly stipend. Hult International Business School BS International Business Events With regard to the last part of your question about what determines the aggressiveness of taker-traders, or miners. This is the part thats really fascinatingbasically, miners assess the volume on the session, the price of FLEX, the daily issuance amount and the activity in the market, such as the bid/ask widths, to determine what kind of edge theyre willing to give up to mine. He finished his career with four seasons in the International Hockey League with the Houston Aeros and one in the Deutsche Eishockey Liga in Germany for Landshut EV. He was relieved of duties after one season. Founder and CEO Mark Lamb moved to quell customer ire yesterday by putting out a tweet thread that revealed Coinflex's plans to create Recovery Value USD (rvUSD), a new token that it hopes will offset the continued issues with the client and plug a $47 . Ethereum Killers on the Rise: Why Are Cardano & Solana Rising. Coinflex has been savaged for its attempt to plug a $47 million hole in its accounts; . US Reaches Statutory Debt Limit on Jan 19, Cryptocurrency to Gain? The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. "We have a written contract with him obligating him to personally guarantee any negative equity on his CoinFLEX account and top up margin regularly." No effort to start earning interest once you have flexUSD. Lamb stated that a notice of default has been served to Roger Ver. Custody, margining, servicing clients, etc. The funds raised from this token can hopefully keep the exchange afloat, assuming they do not owe funds to Ver, like he claims. Lamb was claimed by the Edmonton Oilers in 1987 where he spent a total of five seasons, winning the Stanley Cup with them in 1990. He was responsible for overseeing the company's designated market making program and the partnerships with market makers on Coinfloor and CoinfloorEX. We have grown from $0 to $500M a day in less than six months, and this is due to the years and decades of preparation in running exchanges, managing derivatives risk and building trading platforms. According . In a recent tweet, the CEO of CoinFLEX, Mark Lamb, confirmed that the person who owes $47 million USDC to the exchange is Roger Ver. Amazingly degen. Accordingly, the new rvUSD token is an attempt to monetize this personal guarantee, in the form of a liability. GTX intends to fill the void in the crypto market and enter the stock securities lending sector, which is estimated to be worth 2 trillion dollars. Case in point: the conflict between Mark Lamb, CEO of CoinFlex, and Roger "Bitcoin Jesus" Ver, an early Bitcoin. Mark Lamb is the Co-founder and CEO of CoinFLEX, the worlds first physically delivered cryptocurrency futures exchange designed to trade in crypto assets and bitcoins. In his one season with Detroit, Lamb played 22 regular season games. withdrawals on its exchange last week, which the company vaguely attributed to uncertainty involving a counterparty at the time. S dollars. "We have a written contract with him obligating him to personally guarantee any negative equity on his CoinFLEX account and top up margin regularly. Today marks an important milestone for CoinFLEX. I dont think people who read this blog need to have physically delivered futures defined, but can you tell us why you think the market needed your product? Lamb was born in Ponteix, Saskatchewan but grew up in Swift Current, Saskatchewan. CoinFlex . Lamb wrote that there is a written contract that obligates Ver to guarantee negative equity on his account. When the rumors first emerged, Ver took to Twitter to deny the allegations. Money Reimagined The transformation. Roger Ver owes CoinFLEX $47 Million USDC. He rejected the allegations and, in fact, stated that the exchange owed him money. While CoinFLEX has started a stipend program to grow liquidity horizontally across more instruments, your real differentiator has been the trade-driven mining or issuance of your exchange token, FLEX, on a pro-rata volume basis for taker-trades. According to Mark he wants to give . So we pay takers FLEX, and as a result, lots of taking activity happens, which typically ends up being profitable for the makers on the other side. These rumorsare false. We are re-enabling limited flexUSD redemptions and withdrawals. Additionally, Mark Lamb has had 6 past jobs including Co-founder and Head of Liquidity Relationships at Coinfloor. , money, salary, income, and assets. . Full time Bitcoiner since 2012. Ver had a long on BCH, and the platform allowed him to run a deficit because he personally guaranteed he would pay them back. Not only do I not have a debt to this counter-party, but this counter-party owes me a substantial sum of money, and I am currently seeking the return of my funds. It may become outdated an there is no obligation to update any such information. "Roger Ver owes CoinFLEX $47 Million USDC," Lamb tweeted on Tuesday. No effort to start earning interest once you have flexUSD Don't mean to FLEX, but. CoinFlex CEO Mark Lamb said in a blogpost that a long-time customer's account went into "negative equity." . Copyright 2023 Trading Technologies International, Inc. All rights reserved. It results in the best quality of service for the largest number of customers worldwide. Mark Lamb and Sudhu Arumugam, the founders of CoinFlex, a cryptocurrency exchange that is in the process of restructuring, have joined forces with the Three Arrows team to form a partnership. COINFLEX CoinFLEX is a spinoff of the long-standing UK spot exchange, Coinfloor. Following a season which saw the Stars finish out of the playoffs with a record of 363511, Lamb was then the head coach and general manager of the Western Hockey League's Swift Current Broncos. In this case, there was nothing to liquidate and the loan is outstanding. Several, to Lambs plans by labeling them nonsense and a ponzi, while referring to CoinFLEX as a casino., We wanted to make it such that the assets all match up, and that we pass on this risk to investors that understand what the risk is and are eager for this risk, Lamb told. CoinFLEXone of many crypto trading platforms to, Rather, CEO Mark Lamb claims there is one man responsible for the platforms financial woes, and the reason it now seeks to raise $47 million in token sale to pay off its debt: the longtime, Roger Ver owes CoinFLEX $47 Million USDC, Lamb, on Tuesday. In fact, the derivatives take the FUN out of fungible and run with it! This website uses cookies for analytics and functionality purposes. Restructuring Proposal here: coinflex.com. Discover today's celebrity birthdays and explore famous people who share your birthday. All Rights Reserved. The stablecoin that earns you interest every 8 hours. CoinFLEX Restructuring Proposal And Next Steps | CoinFLEX. Mark William Lamb (born August 3, 1964) is a Canadian former professional ice hockey player, and current general manager and head coach of the Prince George Cougars of the Western Hockey League (WHL). The tweet where Ver claims that the exchange owes him money was outright denied by Lamb. Plus, Under 30 alum Joel Embiid is making moves on and off the court. It's been a quiet year for the Corner because we've been mostly heads-down focusing on building out our crypto offering on TT. We think this will result in us becoming the largest derivatives exchange in the world. Mark Lamb is the CEO of CoinFLEX. CoinFLEX CEO Mark Lamb says that Roger Ver, CEO of Bitcoin.com, owes the exchange $47 million USDC. FatMan wrote that verified insider information has confirmed that the high net worth individual who owes CoinFLEX money is Bitcoin Cash advocate and CoinFLEX shareholder Roger Ver. Please read our latest statement for more info. The situation led CoinFLEX to freeze withdrawals on its exchange last week, which the company vaguely attributed to uncertainty involving a counterparty at the time. Mark Lamb approached me and asked if I would host an AMA on my YouTube regarding the ongoing situation at CoinFlex, who disabled user withdrawals on June 23rd. He is currently single. According to Lamb, the exchange has already spoken with many large buyers, and generated significant interest around the tokenwhich is expected to begin issuance today. The CEOs comments confirm rumors initially leaked by a Twitter user known as FatManTerraa member of the Terra Research Forum who provided extensive coverage of the stablecoin protocols collapse in May. Sheriff Lamb has an approximated net worth of $100k - $1 million U. And the market is quickly and quietly maturing, so there's an element of "business as usual" forming around us. The pitch deck showed that Zhu, Davies, as well as Mark Lamb and Sudhu Armugan of CoinFLEX are looking to raise $25 million for a new crypto exchange called GTX. The opinions expressed herein are those of the publisher and are subject to change without notice. Just because youve sold out of a profitable trade doesnt mean you need to stop earning on your dollars. Coinfloor turned into the UK's leading Bitcoin exchange focusing on consumers and investors buying, selling and trading the virtual currency. The novel recovery stablecoin rvUSD is available to high-income and high-net-worth investors from non-US jurisdictions, and it promises a 20% interest rate. are jurisdictionally optimized and are not heavily regulated, the biggest crypto-trading-oriented exchanges should be similar. CoinFLEXone of many crypto trading platforms to freeze customer withdrawals this monthisn't facing an ordinary liquidity crunch. A centralized yield service, CoinFLEX, gave a $47m uncollateralized loan to someone who can't pay it right now. Dear CoinFLEX Community, 28. Beyond that, we plan to list derivatives on more cryptocurrencies as well as launch options and other forms of derivatives. ", Lamb of CoinFLEX denies these claims, saying, "It is unfortunate that Roger Ver needs to resort to such tactics to deflect from his liabilities and responsibilities," and "CoinFLEX also categorically denies that we have any debts owing to him. This combination has turbocharged the exchanges activity and has led us to become the cheapest venue (fees+spread) to trade less than 5 BTC. We looked at the incentive programs of BATS in the equities world and some Chinese spot exchanges and created FLEX Coin, a coin that is paid out to takers of liquidity on the platform, based on their taker volume out of the overall volume for that day. We recommend you to check the complete list of Famous People born on 3 August. Not only do I not have a debt to this counter-party, but this counter- party owes me a substantial sum of money, and I am currently seeking the return of my funds.. Also learn how He earned most of networth at the age of 56 years old? Mark is CEO of CoinFLEX and a longtime advocate for physically delivered futures over cash settlement as a way to prevent manipulation. On June 21, 2016, Lamb was named head coach to the Tucson Roadrunners, the American Hockey League affiliate of the Arizona Coyotes. But surprisingly, Roger Ver tweeted about the rising allegations against him, stating that they are false. Be a smarter, safer investor in eight weeks. Trading Technologies platform and client base so far have been invaluable with many of our $10M+ per day customers coming from TTs global/non-U.S. institutional client base. He was an early investor in Bitcoin in 2012, and quickly became one of the largest crypto OTC market makers. CoinFLEX has the distinction of being the original physically deliverable crypto futures exchange. First physically delivered crypto futures exchange. Mark: We are aggressively hiring for technology roles at the moment to improve, refine and build out every aspect of the product. Mark Lamb Professional Experience / Academic History. Thats the amount it needs to resume withdrawals for its clients, and exactly the same amount of money that Lamb claims Ver owes. Long story short, when we introduced this, spreads tightened from $5 on average to a little over $1 on average, and liquidity started building up and stacking in the order book. He has appeared as a guest on Real Vision. Not only do I not have a debt to this counter-party, but this counter-party owes me a substantial sum of money, and I am currently seeking the return of my funds, Ver. 2500GTX (3AC) Zhu suDavies2500GTXCoinFlex Mark Lamb Sudhu Arumugam In a word, trading on CoinFLEX is a more enjoyable experience than traditional exchanges, and we work and are open 24/7 to keep it that way! We have estimated He was the CEO and President of Zeltor Technology, an IT consulting firm where he recruited and managed a team of graphic designers, programmers and engineers. Mark: Anyone who has built an exchange knows that it is almost impossible to attract traders and firms away from the exchanges where they already trade. Earn compound interest every 8 hours without staking. Cryptocurrency and business continuity line image for business concept. Earn interest 3 times a day directly on-chain. However, a prior agreement with this individual barred CoinFLEX from liquidating his position, which it would have already done under normal circumstances. is 5ft 9in (175cm) and Weight 179lb (81kg; 12st 11lb). CoinFLEX and Bitcoin.com complete $30 Million deal to bring crypto yield and exchange products to 25 million wallets. The situation led CoinFLEX to. Mark created CoinFLEX in 2018, the first deliverable crypto futures exchange and launched flexUSD, the only stablecoin to pay interest. Crypto exchange CoinFlex will issue $47 million worth of recovery tokens after halting customer withdrawals. all had to be perfect before launch. A year later he returned to Edmonton as an assistant coach. When the rumors first emerged, Ver took to Twitter to deny the allegations. The exchange doesn't deal with fiat money and all transactions are performed in cryptocurrencies. According to Bitpush Market Data, ETH is now $1149.87, up 0.02% in 10 minutes, breaks above $1100 mark. ", Mark Lamb, CoinFLEX CEO, Blames Roger Ver For His Companies $47 Million Debt. Sheriff Mark Lamb Salary. CoinFLEX.US is easy to use, and perfect for beginners who want to enter the world of crypto without the volatility. FatMan wrote that Ver had a long on Bitcoin Cash and CoinFLEX permitted the debt as Ver promised to pay the debt back. JUST IN: CoinFLEX CEO says Roger Ver owes them $47 million $USDC. co-founded Coinfloor, the UKs first cryptocurrency exchange back in 2013. Please conduct your own research and seek advice from a licensed financial advisor. How to Build a Stablecoin To Compete with Libra? Many of these exchanges do not offer service to individuals in the U.S. Their products come in many different shapes and flavors; there are futures based on cash indices, there are perpetual swaps, there are physically settled futures and there are options. Mark has been running crypto exchanges for the past 9 years. Mark Lamb is the Co-Founder and CEO at CoinFLEX. Not only do I not have a debt to this counter-party, but this counter-party owes me a substantial sum of money, and I am currently seeking the return of my funds, Ver tweeted earlier today. In total, Lamb played 403 regular season games in the National Hockey League, scoring 46 goals and 100 assists for 146 points. Plus, myself and the team interact directly with our customers and community in our Telegram channel and other chats, and those users provide actionable feedback that gets rolled out as functionality or new product. We have a written contract with him obligating him to personally guarantee any negative equity on his CoinFLEX account and top up margin regularly., The CEOs comments confirm rumors initially. Welcome to the Crypto Corner of TTs Trade Talk blog. Lamb was previously the head coach of the Tucson Roadrunners of the American Hockey League (AHL) and the Swift Current Broncos of the WHL. His net worth has been growing significantly in 2021-2022. We have a written contract with him obligating him to personally guarantee any negative equity on his CoinFLEX account and top up margin regularly. The pseudonymous FatManTerra referred to the offering as amazingly degen., This is incredible. A verified insider has confirmed that the "high net worth individual" who owes CoinFLEX money is Bitcoin Cash advocate & CoinFLEX shareholder Roger Ver. The founders of the now defunct crypto hedge fund, Three Arrows Capital (3AC), Su Zhu and Kyle Davis, are pitching investors with the hopes to raise $25 million to start a new cryptocurrency exchange called GTX. rvUSD is a token issued by CoinFLEX related to an outstanding debt owed by a certain high net worth individual to CoinFLEX, reads the tokens. CoinFLEX has a customer-base around the world, offering futures, spot and repo markets on more than 25 different cryptocurrencies. Mark Lamb the CEO of CoinFLEX claims that Roger Ver has defaulted on a $47 Million margin call. CoinFLEX facilitates billions a day in repo volumes and its yield products (flexUSD and AMM+) have half a billion in capital. In normal circumstances, we would auto-liquidate positions low on equity at prices prior to the zero-equity price. As a longtime advocate for physically-delivered futures over cash settlement as a way to prevent manipulation, Marks vision for crypto derivatives is to grow the industry beyond speculation into real commercial use for lending, borrowing, hedging and payments. Coinflex is a cryptocurrency exchange that provides the service of Bitcoin futures' physical delivery. Rather, CEO Mark Lamb claims there is one man responsible for the platform's financial woes, and the reason it now seeks to raise $47 million in token sale to pay off its debt: the longtime Bitcoin evangelist turned Bitcoin . The CEO of CoinFLEX, Mark Lamb, blames early Bitcoiner and Bitcoin Cash adopter Rodger Ver as the source of the company's troubles. Crypto Twitters response to the novel debt instrument, however, has been far less optimistic. So, how much is Mark Lamb worth at the age of 58 years old? pic.twitter.com/6CyEfAqXKP, They are using terms like 'margin call' and 'negative equity' to detract from the truth of the situation, the account tweeted. Weve listed pre-ICO coins, or initial futures offerings (IFOs), and we have an exchange token that is fun to trade. Roger Ver Owes CoinFLEX $47 Million USDC, Says CEO Mark Lamb, Anonymous Wallet Bought 6000 RPL Tokens Before Binance Listing. But they don't expect a free-for-all, Cartels Push Huge Amounts of Meth, Fentanyl Into US, Bond set at $21.4 million for accused California sex offender arrested in Pinal County, Facebook Skeptics Now Have Derivatives to Bet on Libra Delays, CoinFlex to Offer Prediction Futures on Whether Libra Launches in 2020, Now Traders Can Make Bets on When Facebooks Libra Will Launch, Coinflex muscles in on Asian investors with $10m in fresh funding. CoinFLEX facilitates billions a day in repo volumes and its yield products (flexUSD and AMM+) have half a billion in capital. We believe that the same way the biggest companies in the world today (Apple, Google, Amazon, etc.) He has been in default of this agreement and we have served a notice of default. However, a prior agreement with this individual barred CoinFLEX from liquidating his position, which it would have already done under normal circumstances. Youve built a strong ecosystem now that includes both aggressive market makers and market takers. The CoinFLEX CEO initially intended to keep its counterpartys identity private. ", The rumors of Ver's rocky financial situation were initially leaked by Twitter user "FatManTerra." Lamb is believed to receive a good salary which is over his deputy who receives $122, 000 U. In 2002, Lamb moved to the Dallas Stars under the same role. AMM+ daily trading volume crosses $500M Zhu and Davis are joined in the venture by CoinFlex co-founder Mark Lamb and Sudhu Arumugam. We have published the @CoinFLEXdotcom. In a blog post on Monday, Lamb laid out his companys plans for a new liability token called Recovery Value USD (rvUSD), which CoinFLEX intends to sell in order to raise $47 million. CoinFLEX users are irate after a pitch deck revealed that the bankrupt exchange's co-founders were seeking funding for a new venture with Three Arrow founders Su Zhu and Kyle Davies. Three big things we are excited about are upcoming redesigns of the existing interface, a relaunched crypto-native trading interface and a lending product. CoinFLEX CEO Mark Lamb took to Twitter today to accuse longtime Bitcoin evangelist Roger Ver of defaulting on a $47 million loan. Lamb decided to speak up only because Roger Ver denied the debt that he owed and hence wanted to clarify the same. rvUSD is a token issued by CoinFLEX related to an outstanding debt owed by a certain high net worth individual to CoinFLEX, reads the tokens whitepaper. ", Lamb and CoinFLEX claim to be launching a new liability token, called "Recovery Value USD" (rvUSD), which they hope to sell to cover the $47 million balance. Mark: Ultimately for whale traders, large position holders and regular folks with small positions in and out of the market every day, basis risk and manipulation risk matters. One of the crypto trends that continued from 2018 into 2019 has been the growth and popularity of crypto derivatives exchanges around the world. Europe, Menlo Park, China), Total number of current Jobs the person has, Total number of events the individual appeared in, Number of news articles that reference the Person, Co-founder and Head of Liquidity Relationships, Arizona sheriff launching streaming company to give law enforcement a 'voice', Police Change Working Methods Amid CCP Virus Outbreak, Facing Higher Risks, Counties Defy Stay-at-Home Orders to Protect Civil Liberties: We Like Our Bill of Rights, These Arizona sheriffs say they won't enforce governor's stay-at-home order. In a recent tweet, the CEO of CoinFLEX, Mark Lamb, confirmed that the person who owes $47 million USDC to the exchange is Roger Ver. Whats next? Follow More from Medium Mark Vassilevskiy 5 Unique Passive Income. Exchange daily volume breaks $2B with open interest over $100M. To fund other customers' withdrawals, they are now turning his debt into a token and selling it to people, offering 20% APY on it. With that out of the way, Mark, can you describe what it was like putting together the final pieces before your April 2019 launch? Thats the amount it needs to resume withdrawals for its clients, and exactly the same amount of money that Lamb claims Ver owes. The text explains that the individual recently had his account enter negative equity and has failed to provide the liquidity necessary to meet his margin call. Expressing confidence that recovery is going to happen, Lamb said CoinFlex will leverage "recouping the funds from Ver plus a financing charge that has been imposed on him" to pay the . The debt is 100% related to his account.. Lamb retired as a player in 2000. The benefit of being offshore is being politically and jurisdictionally neutral. We have been speaking to [Ver] on calls frequently about this situation with the aim of resolving it, said Lamb in his tweet thread. Why Bitcoin Matters to YouReject Crony Capitalism. The numbers don't lie and we've got lots of them 0.00 % 7 day average (APY) $ 0.00 Market cap $25M Total interest paid The stablecoin that earns you interest every 8 hours. He discussed an "ultra high net worth" whale who can't meet a measly $47M margin call comments sorted by Best Top New Controversial Q&A Add a Comment More posts you may like r/StockMarket Many were expecting this to be only going to market makers, but our thinking was that ultimately the one crossing spread and causing a trade to occur is the taker, and the ultimate goal of any exchange is to have real, fee-paying volume. The company operated a network of bitcoin brokers, providing settlement, educational support and on-the-ground sales. Earn interest simply by holding the stablecoin in any crypto wallet (including cold storage), MetaMask, and even DeFi Pools. Sheriff Mark Lamb Net Worth. Mark Lamb and Sudhu Arumugam, who were both involved in the founding of CoinFLEX, are also team members. The Node The biggest crypto news and ideas of the day. Marks vision for crypto derivatives is to grow the industry beyond speculation into real commercial use for lending, borrowing, hedging and payments. When discussing his platforms liquidity trouble and recovery plan through the sale of a new token on Monday, Lamb only identified the source of the problem as a a certain high-net-worth individual.. Discover Mark Lamb's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. In this case, there was nothing to liquidate and the loan is outstanding. Several other users responded to Lambs plans by labeling them nonsense and a ponzi, while referring to CoinFLEX as a casino.. This week has brought both highs and lows in the Under 30 realm, from developments in more efficient cancer screening methods to an acquisition to a lawsuit involving one of the nations largest financial institutions. Lamb made his allegation public Tuesday on Twitter, shortly after Ver . They are using terms like 'margin call' and 'negative equity' to detract from the truth of the situation, the account tweeted. More from Forbes 30 Under 30 - Europe - Finance 2017 List. According to the project's pitch deck, the company intends to launch as soon as possible, and estimates the claims market to be worth around $20 billion. Center for Digital Technology and Management, CDTM Alumni Founded Companies, University of Queensland Alumni Founded Companies, United States Military Academy at West Point Alumni Founded Companies, Vellore Institute of Technology Alumni Founded Companies, Washington and Lee University Alumni Founded Companies, ESCP Business School Alumni Founded Companies, AGH University of Science and Technology Alumni Founded Companies, University of Saskatchewan Alumni Founded Companies, University of Maryland Alumni Founded Companies, The University of West Florida Alumni Founded Companies, Number of Organizations that the person founded, Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Where the person is located (e.g. The situation, the next it may make more sense to primarily a... When the rumors first emerged, Ver took to Twitter to deny the allegations Ver to guarantee equity... 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