1. "Roger Owed CoinFLEX $47M and Didn’t Pay" – False
The Truth: Roger Was Suing CoinFLEX for $200M, and They Settled
This is one of the most misleading attacks on Roger Ver. CoinFLEX’s CEO, Mark Lamb, claimed that Roger owed $47M, but the reality is much different.
What Actually Happened?
Roger was the one suing CoinFLEX for $200M. The dispute arose because CoinFLEX refused to close his trading positions, despite his repeated requests.
CoinFLEX was attempting to raise $40M from investors and seemingly wanted to use Roger’s margin position as leverage.
The settlement concluded that Roger was actually owed over $100M.
SmartBCH & CoinFLEX’s Mismanagement
CoinFLEX operated a "bridge" to facilitate the conversion of BCH to sBCH (Smart Bitcoin Cash) and vice versa.
The sBCH ecosystem depended on CoinFLEX holding BCH securely, yet CoinFLEX threw users’ BCH into their bankruptcy estate, effectively stealing from users to enrich their largest creditors.
Jihan Wu, a major investor in CoinFLEX, was also involved in the funding of SmartBCH.
Why Didn’t Roger Respond Immediately?
Roger was bound by a confidentiality agreement at the time.
Once he was able to speak, he and his legal team released a 45-minute exposé explaining the situation (see "CoinFLEX Exposé" for details).
👉 Visit the ‘The Truth About CoinFLEX’ website: www.coinflex.info
👉 Read the full breakdown: Final Submissions - CoinFLEX Seychelles Supreme Court
2. "Roger Ver Vouched for Mt. Gox’s Solvency Right Before It Collapsed" – Misleading
The Truth: Roger Only Spoke About Mt. Gox’s FIAT Liquidity, NOT Bitcoin Reserves
This claim is based on a misrepresented 2013 video, where Roger was shown bank statements confirming that Mt. Gox had sufficient fiat reserves at the time.
What Actually Happened?
The video was recorded in July 2013, when Mt. Gox was experiencing fiat withdrawal issues due to banking problems—not Bitcoin insolvency.
Roger was shown bank statements proving fiat liquidity, which is all he vouched for.
The Bitcoin insolvency issue did not surface until February 2014, when Mt. Gox suddenly halted all withdrawals and declared bankruptcy.
Did Roger Lose Money in the Collapse?
Yes, Roger personally lost a life-changing amount of Bitcoin when Mt. Gox shut down.
If Roger had known Mt. Gox was insolvent, he would not have left his own funds on the exchange.
Roger’s Response to the Video:
He publicly addressed the issue in 2014, stating:
“While everything I said in the video was factually true, I regret making it. It caused people to trust an entity that deserved none. I, too, had my own life-changing amount of Bitcoin stuck on Mt. Gox.”The video remains online on his personal YouTube channel, a demonstration of transparency.
👉 Check the historical record: Mt. Gox Wikipedia
3. "Roger is a Convicted Felon for Selling Dangerous Explosives Online" – Misleading
The Truth: Roger Sold Legal Firecrackers, Not "Explosives"
One of the most blatantly misleading claims against Roger Ver is that he was imprisoned for selling “dangerous explosives.”
What Actually Happened?
Roger sold firecrackers (a product called "Pest Control Report 2000") on eBay, a common practice at the time.
Many other sellers were offering the exact same product without issue.
The only difference? Roger was targeted after calling the ATF and FBI “murderous thugs” in a political debate.
The Political Targeting
Unlike other sellers, Roger was singled out and given the maximum penalty.
The ATF agent involved in the case admitted it was politically motivated, saying:
“But you didn’t hear what he said about us.”This wasn’t about firecrackers—it was about silencing Roger’s libertarian activism.
4. "Roger Misled Bitcoin.com Customers by Selling BCH as BTC" – False
The Truth: No One Was Tricked, and Labels Were Clear
Critics claim that Roger Ver misled users on Bitcoin.com by selling Bitcoin Cash (BCH) instead of Bitcoin (BTC).
What Actually Happened?
Bitcoin.com always labeled BTC and BCH clearly. There was never any deception.
2017 Context Matters:
After the Bitcoin fork, it was an open debate whether BTC or BCH was the "real" Bitcoin.
Roger and many others argued that BCH was more in line with Satoshi Nakamoto’s original vision.
Roger even wrote a book on the issue: Hijacking Bitcoin.
The Reality of 2025
Just because BTC is now the dominant chain doesn’t mean calling BCH "Bitcoin" in 2017 was fraudulent.
Many people, including core Bitcoin developers, shared Roger’s viewpoint at the time.
5. "Roger Ver Thought Craig Wright Was Satoshi Nakamoto" – True, but Context Matters
The Truth: Craig Wright Fooled Many Experts, Not Just Roger
It’s true that Roger Ver initially believed Craig Wright’s claim to be Satoshi Nakamoto—but so did many others.
Who Else Believed Craig?
Gavin Andresen, the developer Satoshi personally left in charge of Bitcoin.
Many early Bitcoin pioneers who had first-hand knowledge of Satoshi’s writing style and coding practices.
Did Roger Change His Mind?
Yes, Roger later called Craig Wright a fraud and a liar.
Craig Wright sued Roger multiple times—and lost.
Roger documented this in his book, and has since been a strong critic of Craig Wright.
👉 Watch Roger’s response: Roger Ver Wins Lawsuit Against Craig Wright
6. "Roger Ver Created Bitcoin Cash" – False
The Truth: Roger Did Not Create Bitcoin Cash and Only Supported It Later
A common misconception is that Roger Ver created Bitcoin Cash (BCH), but this is completely false.
What Actually Happened?
Roger was not involved in the creation of Bitcoin Cash.
The BCH fork occurred on August 1, 2017, initiated by developers and miners who opposed Bitcoin’s scaling limitations.
Roger only began supporting BCH months after the fork, following the failure of SegWit2x, a proposed compromise to increase Bitcoin's block size.
Why Did Roger Support Bitcoin Cash?
Bitcoin was originally designed as a peer-to-peer electronic cash system with low fees and fast transactions.
BTC's development became dominated by a small, intolerant group that resisted on-chain scaling and imposed high fees.
After the SegWit2x compromise was sabotaged, it became clear that Bitcoin’s development was controlled by a group that prioritized keeping block sizes small over real-world usability.
BCH, with its larger block size and low fees, aligned more closely with Satoshi Nakamoto’s original vision for Bitcoin.
Who Actually Created Bitcoin Cash?
The Bitcoin Cash fork was led by independent developers and miners, including:
Amaury Séchet (Bitcoin ABC)
Bitmain (Jihan Wu)
Viabtc and other mining pools
A broad coalition of Bitcoin users, businesses, and developers who wanted to maintain low-cost, high-speed transactions.
The Real Story of Bitcoin’s Civil War
In 2017, Bitcoin developers and the community debated how to handle growing transaction fees and congestion.
A compromise called SegWit2x was proposed:
SegWit would be activated.
The block size would increase to 2MB to improve scalability.
Despite overwhelming community and industry support, SegWit2x was sabotaged by a small, highly vocal minority who rejected any block size increase.
As a result, Bitcoin Cash was born—NOT as Roger Ver’s creation, but as a movement by those who wanted to keep Bitcoin usable for daily transactions.
Roger’s Role in Bitcoin Cash
Roger became a strong supporter of BCH only after it became clear that BTC developers would never allow meaningful on-chain scaling.
His website, Bitcoin.com, pivoted to supporting Bitcoin Cash because it upheld Bitcoin’s original purpose as usable electronic cash.
Conclusion
Roger Ver did not create Bitcoin Cash—but he supported it after Bitcoin’s developers abandoned its original vision. His advocacy has helped BCH become one of the most widely used cryptocurrencies for real-world payments.
Final Thoughts
Roger Ver has been one of the most influential figures in crypto history. The attacks against him are either misleading, out of context, or completely false.
📖 For more details, check out his book: Hijacking Bitcoin
🎥 Watch his documentary: Bitcoin Jesus: The Prosecution of Roger Ver
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