The arrows of US regulators have already hit a few targets in the crypto industry. Cryptocurrency lender Nexo already paid the fees last December. A situation that would have prompted him to stop offering activities in the United States. In addition to earlier attacks by US Finance policemen, Nexo is now known to be the subject of a lawsuit filed by a crypto investor from California.
Nexo sued by an American investor
Should we expect an imminent collapse of Nexo? Already, the crypto lender is no longer welcome in the United States and two of its co-founders, Kosta Kantchev and Antoni Trenchev, are said to be on the run.
Add to that the search carried out by 300 police officers in its offices in Sofia. Many seem surprised that the Bulgarian box has not yet closed its doors for good.
Furthermore, we have learned, in an article published on The Block 1er March, that a crypto investor just filed a lawsuit against Nexo in California court. This is John Cress, a user who had a paid account with the cryptocurrency lender and who transferred his assets to Next. At the time, Nexo promised substantial interest to anyone seduced by its loan formula.
But all things considered, no interest had reached him. In his deposition, he even insinuated that:
” [Il] suffered millions of dollars in losses due to these misrepresentations when he was deprived of almost all of his digital assets. »
John Cress, a veteran in crypto trading
The Californian investor says he got into cryptocurrency early on. In 2014, he already acquired bitcoins. Three years later, he acquired some ethers.
Unfortunately for him, the tempting offers from Nexo prompted him to transfer his crypto holdings to Nexo.
And to drive the point home, Antoni Trenchev rejected his claims.
” Mr. Cress has already been in contact with us regarding his Nexo account, but he himself has steered clear of any trades. Thus, we believe this lawsuit has been filed opportunistically now due to news of our phasing out Nexo products from the US market. “Said a spokesperson for the company.
DeFi has been deeply affected by a series of project collapses over the past year. Fortunately, companies like Lido Finance are there to reverse the course of things.
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