nexo · TEXXR

Characteristics of the settlement with U.S. Federal regulators: - The settlements are on a no-admit-no-deny basis - The sole allegation was that Nexo's Earn Interest Product was an unregistered securities offering. - This closes all multi-year-long inquiries into Nexo. 2/9

2023-01-20 View on X

The Block

Crypto lender Nexo agrees to pay $45M in penalties to settle SEC and US state charges for failing to register the offer and sale of its Earn Interest Product

- The SEC charged Nexo for failing to register the offer and sale of its crypto asset lending product, called the Earn Interest Product.

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Nexo has reached a final landmark resolution with the U.S. Securities and Exchange Commission (SEC), the North American Securities Administrators Association (NASAA), consisting of all 50 U.S. States & 3 territories and the Attorney General of New York.🧵 https://nexo.io/...

2023-01-20 View on X

The Block

Crypto lender Nexo agrees to pay $45M in penalties to settle SEC and US state charges for failing to register the offer and sale of its Earn Interest Product

- The SEC charged Nexo for failing to register the offer and sale of its crypto asset lending product, called the Earn Interest Product.

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Over the years, we have turned down a lot of business because Nexo never makes compromises with regard to our very stringent anti-money laundering and know-your-customer policies. But we have always known that this is how you build a sustainable business. 1/

2023-01-13 View on X

Bloomberg

Bulgarian police raided London-based crypto lender Nexo's office in Sofia on January 12, seeking information on suspected money laundering and tax crimes

Bloomberg :

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Unfortunately, with the recent regulatory crackdown on crypto, some regulators have recently adopted the kick first, ask questions later approach. In corrupt countries, it is bordering with racketeering, but that too shall pass. 6/

2023-01-13 View on X

Bloomberg

Bulgarian police raided London-based crypto lender Nexo's office in Sofia on January 12, seeking information on suspected money laundering and tax crimes

Bloomberg :

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Unfortunately, with the recent regulatory crackdown on crypto, some regulators have recently adopted the kick first, ask questions later approach. In corrupt countries, it is bordering with racketeering, but that too shall pass. 6/

2023-01-12 View on X

Bloomberg

Bulgarian police say London-based crypto lender Nexo's office in Sofia was raided on Thursday, seeking information on suspected money laundering and tax crimes

Crypto lender Nexo's office in Sofia was raided by Bulgarian police on Thursday as part of an investigation into suspected money laundering and tax crimes.

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Despite being fully automated, Nexo has 30+ AML compliance officers who ensure that we retain a real-time picture of our clients, which includes adverse media publications, OFAC sanctions lists, and source & flow of funds, etc. 3/

2023-01-12 View on X

Bloomberg

Bulgarian police say London-based crypto lender Nexo's office in Sofia was raided on Thursday, seeking information on suspected money laundering and tax crimes

Crypto lender Nexo's office in Sofia was raided by Bulgarian police on Thursday as part of an investigation into suspected money laundering and tax crimes.

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Over the years, we have turned down a lot of business because Nexo never makes compromises with regard to our very stringent anti-money laundering and know-your-customer policies. But we have always known that this is how you build a sustainable business. 1/

2023-01-12 View on X

Bloomberg

Bulgarian police say London-based crypto lender Nexo's office in Sofia was raided on Thursday, seeking information on suspected money laundering and tax crimes

Crypto lender Nexo's office in Sofia was raided by Bulgarian police on Thursday as part of an investigation into suspected money laundering and tax crimes.

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.@Nexo would like to confirm that we have $0 exposure to Genesis, Gemini, Luno, and BlockFi. Our hearts go out to those affected. https://www.gemini.com/... https://www.coindesk.com/... 1/

2022-11-17 View on X

CoinDesk

Genesis' crypto lending unit, which had $2.8B in Q3 2022 active loans, halts redemptions and new loan originations; trading and custody services are unaffected

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.@Nexo would like to confirm that we have $0 exposure to Genesis, Gemini, Luno, and BlockFi. Our hearts go out to those affected. https://www.gemini.com/... https://www.coindesk.com/... 1/

2022-11-16 View on X

CoinDesk

Genesis' crypto lending unit, which had $2.8B in active loans in Q3, suspends redemptions and new loan originations; trading and custody units are unaffected

The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.

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In a consolidation effort aimed at the betterment of the space, as well as the strengthening of our presence in Southeast Asia, we've entered exclusive talks with @VauldOfficial for the full acquisition of the Singapore-based company. https://reuters.peek.link/2Brq

2022-07-06 View on X

CoinDesk

Toronto-based crypto lender Voyager Digital files for Chapter 11 bankruptcy protection in New York, estimating it has 100,000+ creditors and $1B-$10B in assets

The Toronto-based lender filed for Chapter 11 bankruptcy in New York late Tuesday. — Crypto lender Voyager Digital filed …

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In a consolidation effort aimed at the betterment of the space, as well as the strengthening of our presence in Southeast Asia, we've entered exclusive talks with @VauldOfficial for the full acquisition of the Singapore-based company. https://reuters.peek.link/2Brq

2022-07-06 View on X

CNBC

Nexo, a crypto lender managing assets for ~4M users, says it signed a term sheet to explore buying Vauld, which halted withdrawals and manages assets for ~100K

Good morning! Welcome to The Daily Moon. TikTok's former gaming head Jason Fung … Wayne Jones / crypto.news : H2O Waters Securities Launches First Crypto Water Token, Sequoia Chi...

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.@Nexo has $0 exposure to Three Arrows Capital. Nexo has always differentiated itself from others as being a very conservative lender with stringent risk management and strict over-collateralization requirements, regardless of borrowers' reputation. https://www.theblock.co/...

2022-06-16 View on X

The Block

Sources: crypto hedge fund Three Arrows Capital faces an uncertain future after a $400M+ liquidation; CEO Su Zhu: we are “fully committed to working this out”

Frank Chaparro / The Block :

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Оver 2 years ago, we declined 3AC's request for unsecured credit. We learned that they acquired it elsewhere. It is now obvious that Nexo's approach was correct. This is why our assets exceed our liabilities: https://real-time-attest.trustexplorer. io/ nexo

2022-06-16 View on X

The Block

Sources: crypto hedge fund Three Arrows Capital faces an uncertain future after a $400M+ liquidation; CEO Su Zhu: we are “fully committed to working this out”

Frank Chaparro / The Block :

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.@Nexo has $0 exposure to Three Arrows Capital. Nexo has always differentiated itself from others as being a very conservative lender with stringent risk management and strict over-collateralization requirements, regardless of borrowers' reputation. https://www.theblock.co/...

2022-06-15 View on X

The Block

Sources: crypto hedge fund Three Arrows Capital faces an uncertain future after a $400M liquidation; CEO Zhu tweeted we are “committed to working this out”

The future of crypto hedge fund Three Arrows Capital hangs in the balance as the firm faces potential insolvency after being liquidated by its lenders. Source: @zhusu .

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Оver 2 years ago, we declined 3AC's request for unsecured credit. We learned that they acquired it elsewhere. It is now obvious that Nexo's approach was correct. This is why our assets exceed our liabilities: https://real-time-attest.trustexplorer. io/ nexo

2022-06-15 View on X

The Block

Sources: crypto hedge fund Three Arrows Capital faces an uncertain future after a $400M liquidation; CEO Zhu tweeted we are “committed to working this out”

The future of crypto hedge fund Three Arrows Capital hangs in the balance as the firm faces potential insolvency after being liquidated by its lenders. Source: @zhusu .

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Nexo is in а solid liquidity and equity position to readily acquire any remaining qualifying assets of Celsius, mainly their collateralized loan portfolio. We are putting together an offer to Celsius to that accord and will communicate it publicly. 5/

2022-06-14 View on X

Bloomberg

Major cryptocurrencies crash as the crypto market cap falls below $1T: bitcoin drops 15%+ to ~$22K, ether drops 16%+ to ~$1.2K, and Solana drops 7%+ to ~$28

(Any views expressed below are the personal views of the author … Mitchell Clark / The Verge : BlockFi and Crypto.com lay off hundreds of staff as coins slump Dylan LeClair / Bitco...

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All Nexo products are operating normally - Borrow, Earn, Exchange, the Nexo Card. As always - deposits and withdrawals are processed instantly so that all of you can make the necessary arrangements in this latest downturn in the markets. 1/

2022-06-14 View on X

Decrypt

Celsius' CEL token fell 70% in one hour after the DeFi lender suspended all customer withdrawals, amid a broader crypto market crash

Daniel Roberts / Decrypt :

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All Nexo products are operating normally - Borrow, Earn, Exchange, the Nexo Card. As always - deposits and withdrawals are processed instantly so that all of you can make the necessary arrangements in this latest downturn in the markets. 1/

2022-06-14 View on X

CoinDesk

Binance paused bitcoin withdrawals for a few hours on Monday “due to a stuck transaction causing a backlog”; the company says BTC withdrawals have since resumed

CEO Changpeng Zhao attributed the issue to a “stuck transaction,” and promised a quick fix. Source: @cz_binance , @binance , and @cz_binance .

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Nexo is in а solid liquidity and equity position to readily acquire any remaining qualifying assets of Celsius, mainly their collateralized loan portfolio. We are putting together an offer to Celsius to that accord and will communicate it publicly. 5/

2022-06-14 View on X

CoinDesk

Binance paused bitcoin withdrawals for a few hours on Monday “due to a stuck transaction causing a backlog”; the company says BTC withdrawals have since resumed

CEO Changpeng Zhao attributed the issue to a “stuck transaction,” and promised a quick fix. Source: @cz_binance , @binance , and @cz_binance .

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