U.S. States File Lawsuits Against Crypto Lender Nexo for Supposedly Illegal Activities

Due to a breach of California Corporations Code section 25110, the state of California, acting through the Department of Financial Protection and Innovation (DFPI), issued an urgent halt action against Nexo on September 26th, 2022. A snapshot taken on July 31st, 2022, showed that the crypto lender had more than 18,000 ambitious Californians who had