Ohio joins the $22.5 million nationwide settlement against Nexo
Digital asset lender Nexo settled with U.S. states and the SEC in January, agreed to fork out $45 million, and ceased offering its interest-earning accounts in the United States.
Latest Nexo News
Nexo announces US exit following SEC settlement
Nexo paid $23 million to the SEC for securities violation and a similar amount to state regulators in January; it’s now ceasing its interest-bearing accounts in the United States.
Nexo to pay $45 million in penalties over illegal lend-to-earn program
The charges on Nexo come with an announcement that it has agreed to settle: they will pay a $22.5 million penalty and cease offering EIP to U.S. investors, and another $22.5 million penalty to state regulators.
Nexo sues Cayman Islands regulator over VASP license denial
The Cayman Islands watchdog cited ongoing legal troubles as it rejected the VASP application, but Nexo argues this wasn’t enough reason to deny the license.
Vauld nixes potential acquisition by industry rival Nexo
While reports on the cancellation of the acquisition are widespread, insiders claim Vauld and Nexo have yet to finalize the agreement, with the latter remaining keen on pursuing the deal.
Nexo exiting US due to inability to run wild without supervision
Eight U.S. states had joined the existing number of states ineligible to partake of Nexo’s Earn Interest Product.
Class action defendant wants case thrown out over Roche Freedman leaks
Nexo argues that the class action lawsuit filed against it by customer Junhan Jeong should be dismissed as its legal counsel Roche Freedman is using discovery for "inappropriate purposes."
8 states file enforcement actions against digital asset lender Nexo
The states, among them California, Oklahoma, and New York, ordered Nexo to halt its interest-earning product, which they claim is an unregistered security.
Vauld granted 3-month creditor protection in Singapore
The collapsing digital asset lender Vauld applied for a six-month moratorium, but the Singaporean judge ruled that this would impact supervision and monitoring.
New York AG targets Nexo and Celsius in digital currency lending purge
New York’s attorney general has joined Kentucky, New Jersey and Alabama authorities in launching an attack on digital currency lending platforms, with sights set on Celsius and Nexo.
New card allows users to ‘spend’ crypto without spending it
A new cryptocurrency credit card is making its debut, but hopes its platform offers enough of a unique solution that it will work where others have failed.