An affiliate of cryptocurrency lending firm Genesis has filed a lawsuit against Bitcoin Cash (BCH) supporter Roger Ver for unresolved cryptocurrency options totaling $20.8 million. In the lawsuit filed against Ver on January 23 in New York State Supreme Court, GGC International, which was part of the defunct cryptocurrency lender, claimed that the BCH proponent had failed to settle cryptocurrency options transactions that They had expired on December 30. GGC International filed the lawsuit on behalf of the bankrupt crypto lender.

Ver was allotted a total of twenty days to respond to the summons.

In case the BCH lawyer does not provide a response within the allotted time, you will be required to pay the full amount by default.

As of this writing, the BCH proponent has yet to provide a response to the case.

According to the information provided on the Genesis website, GGC International is a company operating out of the British Virgin Islands.

Genesis Bermuda Holdco Limited, which is a subsidiary of Genesis Global Holdco and is listed as an entity in the bankruptcy filing, owns the company. In addition, Ver was in the news the year before due to charges that he had defaulted on a loan.

Mark Lamb, the CEO of CoinFLEX, said that Ver was obligated to pay the company $47 million Coin (USDC) and that this obligation was stipulated in a written contract.

On June 28, Ver also refuted these accusations and avoided making a direct reference to the corporation.

The cryptocurrency lender filed its Chapter 11 bankruptcy petition in the Southern District of New York on January 20.

To advance the company’s operations, the company initiated a reorganization that was supervised by the court.

A specialized committee will be in charge of the process, and their goal is to deliver results that are satisfactory not only for Genesis clients but also for Gemini Earn users.

Meanwhile, Genesis creditors have turned their attention to Digital Currency Group (DCG), the parent company of Genesis Global.

On January 24, Genesis creditors filed a securities class action lawsuit against DCG and Barry Silbert, the company’s founder and CEO.

The creditors claimed that the company had violated federal securities laws by selling unregistered securities, which they said violated the laws.