A former high-ranking executive of the U.S. Securities and Exchange Commission (SEC) is calling out crypto lender Nexo’s multimillion-dollar settlement with the regulatory agency. According to a new p...
Tag: Nexos
former FTX boss maintains innocence, Nexo’s woes, DCG and Gemini face-off
The last week in crypto was mixed with fresh updates and ongoing controversies. A new scandal emerged as new allegations were leveled against the crypto lender, Nexo, with reports accusing the regulat...
Nexo’s Bulgaria office raided by police
Crypto lending platform Nexo’s Bulgarian offices have been raided by local police as authorities carry out investigations into suspected money laundering and tax violations. Police are in...
Vauld Rejects Nexo’s Another Acquisition Proposal: Nexo Solvency Proof required
Nexo has been trying to acquire Vauld since January 2023. Nexo has announced that it is quitting the US market; how will the US customers be treated? US creditors want proof that Nexo is solvent. Re...
Crypto lender Vauld rejects Nexo’s final acquisition proposal
Disturbed digital asset lender Vauld and its committee of creditors (COC) have declined rival Nexo’s final acquisition proposal in concerns about its financial health difficulties. Nexo loses procurem...
Vauld Rejects Nexo’s Latest Acquisition Proposal
Vauld rejected a renewed takeover proposal by crypto finance firm Nexo, citing concerns with the company’s financial health. According to The Block, Vauld “unanimously” rejected Nexo’s proposal, with ...
Vauld rejects Nexo’s ‘final’ acquisition proposal, questions company’s solvency
Troubled crypto lender Vauld and its committee of creditors (COC) rejected rival Nexo’s “final” acquisition proposal due to concerns about Nexo’s financial health and others is...
Crypto Lender Nexo’s Potential Acquisition of Rival Vauld Is Called Off
Crypto lender Nexo’s potential acquisition of rival Vauld was canceled some five months after the two signed an initial agreement to explore the transaction and less than a month before the Singapore-...
Nexo’s Co-Founders Dismiss Insolvency Rumors, Reveal Expansion Plans 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 management (...
“Insolvency, Bankruptcy is Nowhere in Nexo’s reality”: Co-Founders
Speculations about crypto lender Nexo heading towards bankruptcy were squashed by the company’s top-ranking members. In an ‘Ask-Me-Anything’ YouTube video on Tuesday co-founders of Nexo, Antoni ...
Insolvency not in ‘Nexo’s reality’ — Co-founder during AMA
Bankruptcy or insolvency is not in “Nexo’s reality,” according to the crypto lending platform’s co-founder and managing partner, Kalin Metodiev. In an ask-me-anything (AMA) video posted on YouTube on ...
Exclusive: Nexo’s Trenchev says it took two years to finalise acquisition of stake in US Bank
Crypto lending platform Nexo has made the landmark announcement that it has acquired a stake in Hulett Bancorp (DBA Mode Eleven), the holding company that owns Summit National Bank – a US federally ch...
Nexo’s Recovery Shows Crypto Credit Storm May Have Settled
The crypto bear market had largely been brought about by the crash of various lending platforms. Crypto lending firms such as Voyager Digital and Celsius had quickly gone into bankruptcy after being u...
Nexo’s incredibly smart Celsius takeover bid
When I saw Nexo tweeting their takeover offer of rival Celsius amid the latter’s crisis yesterday, I immediately smiled. Because without knowing anything beyond the superficial detail, it’s really cun...
Crypto is not having a ‘Lehman moment’, says Nexo’s Trenchev
Nexo co-founder and Managing Partner Antoni Trenchev believes the crypto sector is not on the verge of a collapse similar to that witnessed in 2008 with the then financial services giant Lehman Brothe...
Nexo’s Antoni Trenhcev seems bullish on Bitcoin price
Bitcoin price has seen notable growth amid the global COVID-19 pandemic. Over the past year, the asset was able to gain more than 60%. Although, the year remained highly volatile for the asset class. ...
Nexo’s co-founder is optimistic bitcoin is heading for $100K
TL;DR Breakdown Antoni Tranchez says BTC will strike $100k soon as its adoption goes mainstream. Trenchev believes bitcoin is an inflation hedge that is comparable to gold. According to Antoni Trenche...