There has been speculation that crypto lending platform Nexo has recalled a large portion of its investments immediately after being warned by the state of California.
Via PeckShieldAlert social media account in his postNexo’s deposits in MakerDAO 151 million reported that it has withdrawn a portion of the equivalent of a dollar. The fact that the news happened a few days after the stop order was issued for Nexo caused speculation in the market.
According to the information provided, a wallet tagged Nexo has half of its holdings in MakerDAO. 7,758 Wrapped Bitcoins (wBTC) withdrew. Investors interpreted the pullback as Nexo’s desire to access as much liquidity as possible before it went bust.
An explanation on the subject Nexo spokesperson if the transaction a routine action and that it is a part of the company’s standard treasury management plan. loan payment declared to represent. Also, the spokesperson according to market conditions The size of the credits available in MakerDAO can continue to fluctuate added.
Switzerland-based crypto lending platform Nexo launched on September 26, California. Financial Protection and Innovation Department (DFPI) by “give up and withdraw” got the order. Compared to the bankrupt crypto lending platform Celsius Network, Nexo on the subject, our capital adequacy conducive to our cash flow and our system is not the same as Celsius Network. everything is fine gave the message that