Prosecutors in Bulgaria Level Serious Charges on Nexo
The prosecutors belonging to Bulgaria have leveled serious charges against Nexo. This entity is a centralized crypto lender also belonging to the country itself. According to them, Nexo happened to have been in connection with a client of theirs who was financing terrorist-related activities. All this information was passed on through a localized news report.
Nexo Sees Withdrawals of $158 Million in Day After Bulgaria Raid
Crypto lender Nexo has seen withdrawals worth more than $158 million in the last 24 hours after Bulgarian authorities raided its offices.
Crypto Lender Nexo Wants To Sue Bulgaria After Office Raids
Troubled cryptocurrency firm Nexo is planning to sue the Bulgarian government in the aftermath of massive raids at the company’s offices in Sofia.
Nexo-Linked Addresses See Outflows of Nearly $9M Amid Rising FUD
On-chain data shows that addresses related to crypto lender Nexo are recording outflows following news of financial crimes investigations by the Bulgarian government.
NEXO Bulgarian Offices Reportedly Raided by Authorities
The Bulgarian offices of the popular cryptocurrency lending platform Nexo are being raided by authorities, according to major local media.
Crypto Lender Vauld Seeks to End Nexo's Purchase Agreement After Rejecting Revised Offer
Cryptocurrency lender Vauld rejected Nexo's revised acquisition proposal and is seeking to terminate the negotiation between the two firms, saying the deal "would not be in the best interests" of its creditors.
Nexo Writes Open Letter to Vauld’s Creditors, Presents Final Proposal
Shortly after Vauld founder and CEO Darshan Bathija sent an email to the firm's creditors yesterday saying that the potential Nexo deal has been called off, Nexo sent an open letter to Vauld's creditors that it is not over yet.
Troubled Crypto Lender Vauld Calls off Potential Acquisition Deal With Nexo
Beleaguered Singapore-based cryptocurrency lender Vauld has called off a potential buy-out deal with rival firm Nexo five months after the arrangement was set in motion.
Vauld Approaches Restructuring Deadline, No Progress With Nexo
Earlier this year in July 2022, Singapore-based crypto lender Vauld suspended withdrawals halting all trading activity on its platform. Since then Vauld has been working on its restructuring, the deadline for which shall be coming soon on January 20. Vauld was in discussion with crypto lender Nexo, however, they haven’t come to fruition, said Vauld in an email to all the creditors on Monday, December 26. In their latest email, Vauld said that they have been facing “challenges” during the recent months of talk. The crypto lender also said it faces issues of “defamation” and “the spread of misinformation on social media”. (coingape)
Nexo Terminates Potential Deal With Troubled Crypto Lender Vauld
Crypto lender Nexo, which was in talks with rival crypto lender Vauld to potentially acquire it, has terminated the discussions.
Crypto Lending Platform Nexo Introduces Ethereum Smart Staking
Nexo’s Ethereum Smart Staking allows users to convert ETH for Nexo Staked ETH.It offers staking incentives of between 4% and 12% APY, paid out in NETH.
Crypto Lender Nexo to Exit US Market Over “Unclear Regulations”
Cryptocurrency borrowing and lending platform Nexo has <a href="https://nexo.io/blog/nexo-announces-gradual-departure-from-the-united-states">announced</a> that it is withdrawing its products from the United States over the ‘‘coming months’’ over regulatory challenges. The announcement was made through the company’s website on December 5.
Nexo Crypto Lending Platform To Cease US Operations
Nexo, a digital assets platform which offers lending services and an exchange, said it will gradually phase out US operations as a direct result of a “dead end” in its attempts to gain clarity from US regulators. In a statement, Nexo claimed it had engaged in “more than 18 months of good-faith dialogue with US state and federal regulators” — but, despite “rhetoric to the contrary,” it could not reassure customers that “regulars are focused on their best interests.” (Blockworks)
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 its products and services from the country over the coming months.
Crypto Lender Nexo to Exit the U.S Due to Lack of Regulatory Clarity
Nexo has announced that it plans to gradually phase out its services in the United States, citing a lack of regulatory clarity.
Breaking: Crypto Lending Giant Nexo To Suspend U.S. Operations
On Dec 5, crypto lender Nexo announced that it would discontinue operations in the United States within the next few months. The company specifically mentioned that it would immediately cut off access to its “Earn Interest Product” in eight U.S. states and is no longer allowing new registrations for its Earn product.
Crypto Exchanges Nexo and Gemini Expand to Italy, Register With Regulator
Crypto service providers Nexo and Gemini have been approved for registration with an Italian regulator, allowing the platforms to serve customers in the country.
Following BlockFi Bankruptcy, This Company Just Revealed Its Exposure to the Firm – NEXO Next?
The crypto-friendly US-based bank <a target="_blank" href="https://cryptonews.com/tags/silvergate/">Silvergate</a> had less than $20m in exposure to the now-bankrupt US-based crypto lender <a target="_blank" href="https://cryptonews.com/tags/blockfi/">BlockFi</a>. But with yet another bankruptcy in the space, more people are now asking if <a target="_blank" href="https://cryptonews.com/tags/nexo/">Nexo</a> – one of the last major crypto lenders still standing – will be the next to go down.
Investors Sue Crypto Lender Nexo for Blocking Accounts After $126M Withdrawal Attempts
Three fintech investors from the same family have sued Swiss-based cryptocurrency lender Nexo for blocking their accounts after they attempted to withdraw all of their assets worth £107 million ($126 million).
Just-In: Crypto Giant Nexo Sued For Blocking $126M User Funds
According to a recent report, a group of investors is suing crypto lender Nexo in the London High Court on the grounds that the crypto firm prevented them from withdrawing over $126 million in cryptocurrency. The three investors, cousin Shane Morton, and brothers Jason and Owen Morton, claim that Nexo froze their accounts when they attempted to transfer their assets off the platform.
