The ongoing liquidity issues at crypto lenders BlockFi, Celsius, and Voyager Digital have put other crypto lenders in the hot seat, with some rushing to assure clients that their funds are safe.
But Nexo, which points to its real-time attestations from accounting firm Armanino as proof that it hasn’t gone the way of its competitors, has also had to contend with a Twitter user who claims its co-founder Kosta Kantchev embezzled funds from a charity to build “a palace the size of a high school.”
In response to those claims, the company has printed a rebuttal that dismissed the accusations as a case of mistaken identity, writing that the account has been using “lies and distortion in yet another smear campaign against Nexo.”
The company’s legal department got involved too, sending a cease and desist letter to the person running the Twitter account.
“He claims a lot of things, but that we are insolvent. is not one of them,” Nexo co-founder and Managing Partner Antoni Trenchev told...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...