Mark Lamb, co-founder of crypto exchange CoinFLEX, has offered an olive branch to Bitcoin evangelist, Bitcoin Cash promoter and alleged debtor Roger Ver. Lamb issued an open letter to Ver, proposing two years of free trading on OPNX, the newly-launched claims exchange project also founded by Lamb. This move follows an alleged debt of $84 million owed by Ver to CoinFLEX, which has seen the community unequivocally approve of a plan to tokenize the debt, thus avoiding protracted litigation.

OPNX, which went live yesterday, uses FLEX Coin as its native token. This is the same coin the CoinFLEX exchange uses, and its launch has caused controversy after it was revealed the project is the product of a collaboration between Three Arrows Capital (3AC) founders and CoinFLEX founders.

The argument began when Lamb raised the debt claim against Roger Ver back in June 2020. At the time, Ver did not accept it, claiming the figure of $47 million was “blatantly false”. CoinFLEX went on to up the claim to $84 million due to additional losses from liquidating Ver's FLEX Coin positions. Lamb's open letter asks Ver to pay the outstanding balance and Peter Smith, the CEO and founder of Blockchain.com, to pay the additional $3 million FLEX Coin owed to CoinFLEX via the Cayman Islands-based Blockchain.com entity. In exchange, Lamb is offering equity stakes in OPNX to both Ver and Smith.

Such a move could benefit both the creditors of CoinFLEX and the Bitcoin Cash (BCH) community alike, as it could allow for a resolution to the long-running feud between Lamb and Ver without resorting to a lengthy legal process. It presents a way for both parties to finally move past the debt claim, which has been a long-standing issue in the crypto world.



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