Ohio Regulator Joins the Nationwide Settlement Against Crypto Platform Nexo
Nexo is expected to terminate its EIP program in Ohio on April 1, 2023.
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.
Nexo co-founder says charges in Bulgaria are ludicrous
Antoni Trenchev, the co-founder of crypto lending outfit Nexo, has disputed charges laid against his firms by Bulgarian authorities.
Nexo’s Co-Founder Lashes Out at Bulgaria’s ‘Ludicrous’ Charges
Nexo co-founder Antoni Trenchev called charges by Bulgarian police including money laundering and tax evasion ‘ludicrous’ after offices raided.
Crypto Lender Nexo Announces April 1 Withdrawal From U.S.
The firm settled a lawsuit by the Securities and Exchange Commission and a number of state regulators by agreeing to a $45 million fine and to kill its crypto lending…
Nexo to terminate yield-bearing product after paying $45 million
Nexo Capital’s cryptocurrency yield-bearing product is being shut down in the US following a multi-million dollar settlement with the SEC and NASAA.
Nexo shutters US Earn product a month after settling with regulators
The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators.
Crypto Lender Nexo Stopped EIP for US Clients on Feb. 10
Last month, Nexo paid a $22.5 million fine to the SEC for failing to register the offer and sale of EIP.
Nexo will stop its Earn Interest Product for US clients in April
“We ask that you begin planning the withdrawal of your funds at a convenient time by this date,” the company said.
Nexo Stopped Offering Lending Products In The US In April After Paying A Fine Of $45M
Key Points: Cryptocurrency lending platform Nexo will stop offering its “Earn Interest Product (EIP)” lending product to all US customers (including citizens and residents) on April 1.
