Ohio Joins $22.5M Multistate Settlement Against Crypto Lender Nexo

The North American Securities Administrators Association and the U.S. Securities Exchange Commission already announced in January that a settlement had been reached.

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Crypto Lender Nexo to Stop EIP for US Clients on April 1

Last month, Nexo paid a $22.5 million fine to the SEC for failing to register the offer and sale of EIP.

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Nexo to pay $45 million to settle SEC charges

Nexo reached a $45 million settlement with US regulators, including the SEC. The crypto lender allegedly offered unregistered securities via its Earn Interest Product. Nexo will pay $22. 5 to state regulators and the rest to the SEC, with this expected in the next 12 months.

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Crypto Lender Nexo Charged by SEC Over Unregistered Security Sales, Will Pay $45M in Fines

Coinspeaker Crypto Lender Nexo Charged by SEC Over Unregistered Security Sales, Will Pay $45M in Fines In addition to paying fines, Nexo will reportedly cease its unregistered lending product to all US investors.

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Crypto lender Nexo settles with SEC at this absurd amount... Details inside

Nexo's settlement with the SEC amounted to millions.   The SEC 'expected compliance' from all firms that traded securities, as per the Director of the SEC’s Division of Enforcement.   The The post Crypto lender Nexo settles with SEC at this absurd amount.

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Crypto Lender Nexo to Pay $45M, Cease Offering EIP in Settlement With SEC

Nexo began offering its Earn Interest Product to U.S. customers in June 2020.

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Nexo spokesperson: Shulev is a ‘disgruntled’ ex-employee retelling ‘some FUD he read online’

Cryptocurrency lender Nexo (NEXO/USD) was on the receiving end of yet another troubling piece of cryptocurrency news. On Wednesday, BestBrokers. com published what they describe as an e-mail “allegedly written by one of the firm’s co-founders Georgi Shulev.

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Crypto Lender Nexo Sues Cayman Island's Regulator for Denied VASP Registration

Nexo has sued the Cayman Islands Monetary Authority to overturn its rejection of Nexo's application to register as a virtual asset services provider.

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Crypto Lender Vauld Gets Another Extension for Submitting Restructuring Plan: Bloomberg

Vauld has received bids from two digital asset fund managers to take over the beleaguered lender after talks with Nexo broke down.

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Nexo sues Cayman Islands financial regulator over VASP license

The crypto lender claimed that the Cayman Islands Monetary Authority had placed “too much weight” on regulators’ enforcement actions in its decision to deny registration.

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Nexo probe uncovers possible ties to organized crime

Crypto lender Nexo has been targeted in an investigation into alleged illegal activities, with four Bulgarians charged with money laundering and fraud. 

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Nexo Under Fire as $158 Million Leaves the Crypto Lending Platform

On Friday, Bulgarian authorities reportedly raided the offices of crypto lender Nexo, leading to withdrawals of $158 million in the following 24 hours. The post Nexo Under Fire as $158 Million Leaves the Crypto Lending Platform appeared first on BeInCrypto.

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Crypto lender Nexo wants to sue Bulgaria after office raids

Nexo has denied reports that the firm has experienced massive outflows amid office raids and an ongoing investigation against the firm.

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What is happening at Nexo? Crypto lender’s offices raided

Crypto lender Nexo had its offices raided in Bulgaria Thursday, in what is cryptocurrency’s latest tussle with the law. Nexo’s offices were raided by over 300 police officers and prosecutors, as part of a large-scale investigation into organised crime, money laundering, banking without a license and computer fraud, according to a spokesperson for the chief […] The post What is happening at Nexo? Crypto lender’s offices raided appeared first on Invezz.

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Cryptocurrency Lender Nexo Hit By Dramatic Raids Across the Bulgarian Capital

Crypto lender Nexo, which is suspected of multiple crimes, has been hit by more than 15 raids across the Bulgarian capital on Thursday. The post Cryptocurrency Lender Nexo Hit By Dramatic Raids Across the Bulgarian Capital appeared first on BeInCrypto.

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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. The post Nexo-linked addresses see outflows of nearly $9M amid rising FUD appeared first on CryptoSlate.

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Crypto lender Nexo raided by law enforcement in Bulgaria

Crypto lender Nexo saw its offices in Bulgaria raided by police officers in what is reportedly part of an investigation into the cryptocurrency firm.

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Nexo offices in Bulgaria reportedly raided by police

Crypto lender Nexo has reportedly been raided by police in Bulgaria as part of a large-scale international investigation. On Thursday, January 12, a local news outlet reported that Nexo’s offices in Sofia had been searched by prosecutors, criminal investigators and foreign agents.

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Bulgarian Authorities Raid Nexo Offices Amid Money Laundering Investigations

Reports have emerged that the offices of crypto lender Nexo have been raided by Bulgarian authorities. The Switzerland-based company has been the subject of liquidity rumors for a few months now, but according to the reports, the cryptocurrency company is being investigated for something much more sinister.

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Crypto Lender Nexo Targeted in Bulgaria Probe Into Alleged Money Laundering, Tax Violations

Authorities say they have evidence a Nexo user has been officially declared a terrorist financer.

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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 procurement talks On Jan.

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Crypto Lender Vauld Seeks to End Nexo's Purchase Agreement After Rejecting Revised Offer

Cryptocurrency lender Vauld has rejected Nexo's revised acquisition proposal and is seeking to terminate the negotiation between the two firms.

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Nexo, Vauld, and everything latest around the acquisition of the latter

Crypto lender Nexo stated that it was still in talks with Vauld about a possible acquisition. Nexo denied any rumors of the acquisition falling through Crypto lender Nexo iterated that it waThe post Nexo, Vauld, and everything latest around the acquisition of the latter appeared first on AMBCrypto.

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Nexo says its Vauld acquisition deal is not over yet 

Nexo says its acquisition deal with troubled lender, Vauld is still under consideration.

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Nexo Terminates Vauld Acquisition Deal Ending Six-Month-Long Discussions

Coinspeaker Nexo Terminates Vauld Acquisition Deal Ending Six-Month-Long Discussions Swiss crypto lender Nexo recently terminated its acquisition deal with embattled Singaporean crypto lender Vauld.

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Crypto Lender Nexo Canvasses Vauld Creditors Directly With Final Takeover Offer

In an open letter, the firm said earlier offers were misrepresented and it wanted to deal directly.

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Crypto Lender Vauld Calls Off Potential Acquisition by Rival Nexo

The two started negotiations earlier this year and signed an initial agreement in July.

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Crypto Lender Nexo to Exit US Market Over ‘‘Unclear Regulations’’

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Is Nexo safe? Lender withdraws from US market

Nexo, the crypto lending platform, announced Monday that it is pulling out of the US market. It blamed the hostile US regulatory environment for the move, following a collapse in longtime talks with lawmakers.

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Nexo announces gradual exit from the United States

Nexo, a leading crypto lender based in the UK, has announced a phased exit from the United States. The latest Nexo news comes just a few months after the company revealed a stake in a US-based bank as it sought to bolster its presence in the country.

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Crypto lender Nexo will exit United States as it meets dead end

Nexo announced it would quit the United States market in the coming months The company is shutting down operations after failed talks with the US regulators The year continues to be a troublThe post Crypto lender Nexo will exit United States as it meets dead end appeared first on AMBCrypto.

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Nexo bows out of US on regulatory uncertainty

Crypto lender Nexo announced on December 5 that it was phasing out its products and services in the United States due to a lack of regulatory clarity. The post Nexo bows out of US on regulatory uncertainty appeared first on CryptoSlate.

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Nexo to Depart US After Regulator Discussions Hit 'Dead End'

Crypto lender Nexo announced Monday it would stop offering services to U.S. customers over the next several months, and would immediately suspend Earn access in eight states.

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Top crypto lender (NEXO) sued for blocking a $126M user fund

Three investors sue Nexo for blocking them from withdrawing their $126 million crypto holdings.

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Crypto Lender Nexo Sued for Allegedly Blocking $126M Withdrawals in 2020-21: Report

Nexo is being sued by a group of investors for allegedly blocking 107 million British pounds ($126 million) worth of crypto in 2020-21, according to a report.

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Nexo reportedly offered $850 million to acquire rival BlockFi in July

According to an ‘indicative investment proposition’ document, cryptocurrency lender Nexo made an unfulfilled bid to buy ailing rival BlockFi as part of a planned deal valued at roughly $850 million earlier this year.

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This is what Nexo executives said about solvency concerns

After days of speculation over Nexo’s financial health and solvency, the crypto lender’s executives took to YouTube to answer questions from the community during an Ask Me Anything (AMA) session. The post This is what Nexo executives said about solvency concerns appeared first on AMBCrypto.

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Is Nexo safe? Crypto lender withdraws $150 million from MakerDAO

It’s the unfortunate reality that any crypto lender these days will be met with… The post Is Nexo safe? Crypto lender withdraws $150 million from MakerDAO appeared first on CoinJournal.

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Crypto Lender Nexo Acquires Minority Stake in OCC-Regulated Summit National Bank

Cryptocurrency lender Nexo has acquired a minority stake in Summit National Bank, a financial institution regulated by the Office of the Comptroller of the Currency (OCC).

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U.S. States Take Legal Actions Against Crypto Lender Nexo for Alleged Unlawful Operations

Several U.S. states, including California, New York, and South Carolina, could take legal action against Nexo, a cryptocurrency lender platform. California DFPI issues a Desist The state of California, through the Department of Financial Protection and Innovation (DFPI), gave an…

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California Hits Nexo With Cease & Desist Notice, Citing Investor Protection Issues

The California Department of Financial Protection (DFPI) has issued a cease and desist order against crypto lender Nexo Group for offering yield-bearing accounts. The post California Hits Nexo With Cease & Desist Notice, Citing Investor Protection Issues appeared first on BeInCrypto.

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New York, California among US states to bring enforcement actions against Nexo

Regulators across multiple US states have announced enforcement actions against crypto lender Nexo, with… The post New York, California among US states to bring enforcement actions against Nexo appeared first on CoinJournal.

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Nexo launches NEXO Pro for retail clients, will this affect the token’s price?

In the latest cryptocurrency news surrounding Nexo, the platform has now released Nexo Pro for traders. This is the latest move in a succession of forward steps for the Nexo team, who recently offered to buy-out Celsius, an insolvent competitor lender.

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Crypto Lender Nexo Introduces Spot and Margin Trading Platform

Cryptocurrency lender Nexo has launched a trading platform that features spot, futures and margin trading for retail customers.

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Amid crypto winter, Nexo commits additional $50M to buyback program

The Bitcoin lender has sought advice from Citigroup on how to acquire distressed crypto firms amid the bear market.

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Crypto Lender Nexo allocates $50M to buyback its native token

Crypto lending platform Nexo has allocated $50 million to buy back its native NEXO token as part of an ongoing initiative designed to bolster the stability and profitability of its ecosystem. The post Crypto Lender Nexo allocates $50M to buyback its native token appeared first on CryptoSlate.

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Crypto Lender Nexo Allocates Additional $50M for Token Buyback Initiative

Cryptocurrency lending platform Nexo has allocated an additional $50 million to its token buyback initiative.

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Crypto Lender Nexo Sues Former Director Over $7.9M Trading Loss: Report

Cryptocurrency lender Nexo is taking legal action against its former director, Georgi Shulev, on claims that he failed to keep his side of a settlement agreement.

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Nexo, Crypto Lender on Prowl for Ailing Rivals, Faces Declining Deposits

An analysis of attestations of Nexo assets – including older data retrieved using the Wayback Machine – reveals just how much the crypto lender's deposits have declined in recent months.

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