Bitcoin Cash (BCH), today fell to $102.08 after reports that a prominent advocate for the blockchain was accused of default.

Roger Ver, the former CEO at Bitcoin.com, was accused on Wednesday of owing $47,000,000 to cryptocurrency exchange CoinFlex.

Mark Lamb, Coinflex CEO, revealed a written agreement between Roger Ver and Coinflex that requires Roger Ver to guarantee any equity negative.

Roger Ver owes CoinFLEX $47 Million USDC. We have a written agreement with Roger Ver requiring him to personally guarantee any negative equity and top up his margins regularly. We have sent a notice to him that he is in default of the agreement.

— Mark Lamb 💪 (@MarkDavidLamb) June 28, 2022

Lamb stated that Roger Ver has already received notice of default from them for not adhering to the agreement.

In a subsequent tweet thread, Lamb went ahead to clarify that the debt in question pertains to Ver’s account.

He is denying that the debt pertains to him and so we felt the need to clarify to the public that yes – the debt is 100% related to his account. Roger Ver is a citizen of Europe who we believe has significant assets at the US, UK and in other relevant jurisdictions.

— Mark Lamb 💪 (@MarkDavidLamb) June 28, 2022

But in a rejoinder, Roger Vertook to Twitter to deny Lamb’s claims of owing any debt and rather accused CoinFlex of owing him a substantial amount of money and revealed that he was seeking the return of his funds.