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 Trenchev and Kalin Metodiev addressed a series of inquiries, where one participant asked whether their lending platform could be the next Celsius Network Ltd. or Voyager Digital Ltd., both of which filed for bankruptcy earlier this year.
Metodiev replied, "Insolvency, bankruptcy is nowhere in Nexo’s reality."
He added, "We work very hard that we deliver a very strong and sustainable future for our users for many years to come, enriched with a number of additional services and products through integration of technology and disruption of existing services."
Following that, Trenchev echoed a similar opinion saying the company had "no exposure to the Terra and Luna debacle". He also pointed out that Nexo has not lent to the bankrupt crypto hedge fund Three Arrows Capital.
The Switzerland-based...
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