Crypto Lending Firm, Nexo Hit with a Class-Action for Causing over $5 Million in XRP Liquidations

Crypto lending platform Nexo received a lawsuit by a customer for “unlawful suspension” of XRP in December 2020, a day after the SEC sue Ripple for security violation charges. The customer claims over $5 million was liquidated as Nexo suspended the ability to pay back loans or add collateral using XRP.

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Nexo (NEXO) faces lawsuit over unlawful suspension of XRP payments

Cryptocurrency lending platform Nexo has been charged to court by an XRP user for losses incurred after the platform suspended the XRP trade. Following the legal action against Ripple by the Securities and Exchange Commission (SEC) in December, Nexo halted all XRP trades.

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Против криптовалютного кредитора Nexo подали коллективный иск из-за XRP

Житель Калифорнии Джунхан Чжон подал коллективный иск против провайдера криптовалютных займов Nexo. Он обвинил компанию в нарушении пользовательского соглашения из-за ее реакции на претензии SEC к Ripple.

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Nexo faces lawsuit for liquidating $5m in client collateral amid XRP delisting

Crypto lending platform Nexo has been accused causing $5 million worth of client liquidations after suspending the use of XRP as collateral without warning in December.

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Nexo sued for causing over $5 million in damages by 'unlawful' suspension of XRP payments

UK-based crypto loan provider, Nexo has been sued for allegedly causing over $5 million worth of losses by suspending XRP payments in December last year. This was after SEC accused Ripple of an allegeThe post Nexo sued for causing over $5 million in damages by 'unlawful' suspension of XRP payments appeared first on AMBCrypto.

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XRP User Files Lawsuit Against Nexo for $5M in Liquidations

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Коллективный иск обвиняет NEXO в “незаконной” ликвидации Ripple XRP

Введен коллективный иск против Nexo в связи с предполагаемым изменением условий займа с использованием Ripple XRP без предварительного уведомления. Ранее в этом году клиент платформы NEXO по имени Джун Хан Чжон опубликовал статью под названием «Пожалуйста, не используйте NEXO». Клиент...

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Nexo Sued for "Unlawful" Suspension of XRP Payments

After causing millions of dollars worth of damages by suspending XRP payments in December, Nexo is now facing a class-action lawsuit

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XRP Whales Keep Making Major Moves Amidst Dwindling Prices

On August 14, a major transaction in the XRP cryptocurrency was recorded. An unknown user transferred 20 million tokens ($5. 3 million) from Nexo to Kraken exchange. Typically, such transactions indicate that the whales plan to dump the rate of crypto assets.

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Nexo Launches a Debit Card That Lets You Not Spend Your Crypto

Arrington XRP Capital-backed financial startup Nexo unveiled a crypto card that lets users “spend the value of their crypto without actually spending it."

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15 million XRP transferred from Nexo to Kraken; is a dump en-route?

With the market constantly changing, all eyes are glued to the price of the king coin, Bitcoin [BTC]. However, as it slipped under $8k, it was registering sideways movement. The only coin to remain outside the purview of BTC’s rise and fall was XRP.

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XRP: Massive amounts of cryptocurrency moved as Ripple, Nexo come into the picture

Market momentum in the cryptocurrency industry is of paramount importance, since it is often considered as an important marker in the propagation of crypto-use. Ever since the end of the crushing bear market, there have been several instances of massive amounts of cryptocurrencies being moved, especially when it comes to XRP, the third largest coin […] The post XRP: Massive amounts of cryptocurrency moved as Ripple, Nexo come into the picture appeared first on AMBCrypto.

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Nexo Shares Positive Testimonials From XRP Users One Week After Launching Lending Service

Crypto lending service Nexo became the first to accept Ripple’s XRP as collateral on October 22. By the end of that week, Nexo had listed a few of the happy testimonials it had received in a new blog post.

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XRP-Backed Crypto Loans Now Offered by Nexo

Cryptocurrency loans startup Nexo has announced that effective immediately, XRP is being added to the platform as a collateral option following the result of a community poll which indicated that more and more users are now holding XRP.

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Nexo Crypto Backed Instant Loan Network Adds XRP As Collateral Option

The crypto loan company Nexo has decided to unofficially add Ripple’s XRP as the fifth collateral option in the company’s platform. Why unofficially? Because no official statement from the company has been released so far but Nexo users have already noticed that the company added a deposit button for XRP this week. At the moment, […]

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Nexo adds Ripple (XRP) as collateral option to raise cash

CryptoNinjas Nexo, a crypto-backed loan provider today has announced that Ripple native asset XRP has been added as the latest collateral option for its loan facilities. The addition, which is the result of a Nexo community poll will take.

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