NEXO risks 50% drop due to regulatory pressure and investor concerns
Crypto lending firm Nexo is at risk of losing half of the valuation of its native token by the end of 2022 as doubts about its potential insolvency grow in the market.
Is Nexo too centralized?
For the unversed: Eight U.S. states filed a cease-and-desist order against Nexo on Sep. 26, alleging that the firm offers unregistered securities to investors without alerting them about the risks of the financial products.
In particular, regulators in Kentucky accused Nexo of being insolvent, noting…