Bulgarian authorities charge four individuals following raid on Nexo office: Report
Following the Jan. 12 raid on its Sofia offices, Nexo described prosecutors’ actions as a “kick first, ask questions later” approach.
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Nexo is Leaving the United States Due to Regulatory Difficulties
Burdened by regulatory pressures, crypto lending firm Nexo has given up on continuing to operate within the United States. The company announced on Monday that it would begin phasing out…
Proof-of-Reserves Concept Gains Traction as Major Crypto Exchanges Provide Wallet Lists and Promise Full Audits
When it was first discovered that FTX might be insolvent, a large slew of crypto exchange executives said that they aimed to provide proof-of-reserves audits. While exchanges like Binance and…
Nexo dodges $219M bullet just days before FTX’s solvency crisis
The firm withdrew its remaining balance from FTX at the 11th hour and topped weekly fund outflows from the troubled exchange.
Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves
On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has…
Nexo’s Co-Founders Dismiss Insolvency Rumors, Reveal Expansion Plans
After the failure of Celsius Network, Voyager Digital, and Vauld, rumors about lending platforms, in general, being under stress have been rife. Nexo, which has $4 billion of assets under…
Insolvency not in ‘Nexo’s reality,’ says co-founder during AMA
Co-founder Kalin Metodiev stated that comparisons between Celsius, Voyager and Nexo are “very far from reality” and that the firm is focused on building in a sustainable way.
NEXO risks 50% drop due to regulatory pressure and investor concerns
Analysts fear NEXO price could come under pressure if regulatory action in the United States begins to intensify.
Nexo ‘surprised’ by state regulators’ actions, says co-founder
Kalin Metodiev emphasized that Nexo has been navigating through conversations with regulators for the past couple of years to ensure compliance, and was surprised that this news was “thrown out…
Crypto Lender Nexo Acquires Stake in US Chartered Bank
Leading cryptocurrency lender Nexo has acquired a stake in Hulett Bancorp (DBA Mode Eleven) and its subsidiary federally chartered bank Summit National Bank, regulated under the US Office of the…