When CoinFLEX suspended withdrawals on June 23, they blamed “continued uncertainty involving a counterparty”.Although they initially dodged naming the counterparty, CEO Mark Lamb eventually publicly stated that this counterparty was Roger “Bitcoin Jesus” Ver, who he said failed to meet a $47 million margin call. However, Ver publicly refuted this claim, stating that CoinFLEX in fact owed him money. Both parties went back and forth, each accusing the other of misrepresenting the situation.On July 9, the company stated that they would be seeking arbitration to recover $84 million from Ver — an updated figure that they said factored in the “significant loss in liquidating his significant FLEX coin positions”.