Crypto Credit Platform Nexo Sued: $126 Million Claim From Investor Family

Crypto loan platform Nexo was sued by 3 investors from the same family, who claimed that their crypto withdrawals on the platform were blocked.

According to the news of the local newspaper CityAM, Nexo, $126 million by a group of investors claiming that withdrawals worth of cryptocurrencies were blocked London High Courtwas sued in. The lawsuit belongs to the same family. 3 investors opened by Allegedly, when investors requested a large amount of withdrawal, the stock market froze the accounts in question.

Investors have a large amount of platform native tokens in their hands NEXO holding and these assets were part of the withdrawal request. Allegedly freezing accounts first Nexo then to investors If they return NEXO assets to them at a cheaper price pressure to open accounts.

In response to these claims by the investors, Nexo has filed the case as a “opportunism” described as:

All transactions, including the sale of Nexo tokens, were completed in good faith, documented and accepted as final by the plaintiffs at the time of execution. Plaintiffs, who made substantial profits from trading Nexo tokens, were able to withdraw all their assets from the Nexo platform.

The lawyers of the investors who filed the lawsuit preferred not to answer the questions posed by the members of the press.

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