Post by: newshunter on October 20, 2021, 07:00:25 AM
Nexo Financial confirms to be one of the two crypto lending firms to receive the cease and desist order from Attorney General James’ office.
Source: Crypto lender Nexo confirms NYAG order, calls it a ‘mix up’ (https://cointelegraph.com/news/crypto-lender-nexo-confirms-nyag-order-calls-it-a-mix-up)
Would appreciate your opinion about this
Post by: TomPluz on October 21, 2021, 04:04:55 AM
Nexo is now considered as a heavyweight in crypto lending business and one can easily find them searching online for the said business. Maybe what NYAG should have done is invite first any representative from Nexo to clarify things rather than issue a CADO without first determining if what you are dealing with is really dong business in your own backyard.