(Muhammad Ribkhan/Pixabay)
Crypto Lender Nexo Canvasses Vauld Creditors Directly With Final Takeover Offer
In an open letter, Nexo said earlier offers were misrepresented and it wanted to deal directly with the creditors.
(Muhammad Ribkhan/Pixabay)

Thumbs, No Deal
Crypto Lender Vauld Calls Off Potential Acquisition by Rival Nexo
Vauld applied in Singapore for protection from creditors in July and signed an initial agreement with Nexo the same month. Nexo, however, said talks are still taking place.
Thumbs, No Deal

Nexo to Depart US After Talks With Regulators Hit ‘Dead End’
Nexo to Depart US After Talks With Regulators Hit ‘Dead End’
Crypto lender Nexo said it would stop offering products and services in the U.S. in the coming months as their discussions with both state and federal regulators had come to a "dead end." CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De weighs in.
Nexo to Depart US After Talks With Regulators Hit ‘Dead End’

Antoni Trenchev, co-founder of Nexo (Shutterstock/CoinDesk)
Nexo to Depart US After Regulator Discussions Hit 'Dead End'
Nexo will immediately stop offering its Earn product in several U.S. states.
Antoni Trenchev, co-founder of Nexo (Shutterstock/CoinDesk)

Rome, Italy (Caleb Miller/Unsplash)
Crypto Exchanges Nexo and Gemini Expand to Italy, Register With Regulator
Entry into Italy's registry for virtual currency operators is mandatory to operate in the country.
Rome, Italy (Caleb Miller/Unsplash)

Crypto lender Nexo is being sued by three investors who allege the platform blocked their attempts to withdraw funds. (Nexo)
Crypto Lender Nexo Sued for Allegedly Blocking $126M Withdrawals in 2020-21
The claimants allege that Nexo froze their accounts in 2020-21 after they sought to remove their assets from the platform.
Crypto lender Nexo is being sued by three investors who allege the platform blocked their attempts to withdraw funds. (Nexo)

(DALL-E/CoinDesk)
These Four Key Charts Shed Light on the FTX Exchange's Spectacular Collapse
Nansen’s on-chain metrics suggest several reasons why FTX decided to sell itself to Binance.
(DALL-E/CoinDesk)

California, New York Join 6 States Ordering Nexo to Halt Yield Product
California, New York Join 6 States Ordering Nexo to Halt Yield Product
California, New York and six other states are suing cryptocurrency lending platform Nexo for allegedly offering unregistered securities in the form of accounts that pay interest for cryptocurrency deposits, the states said in statements on Monday. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the developments.
California, New York Join 6 States Ordering Nexo to Halt Yield Product

Nexo co-founder Antoni Trenchev (Shutterstock/CoinDesk)
Crypto Lender Nexo Acquires Minority Stake in OCC-Regulated Summit National Bank
The deal will enable Nexo to open bank accounts with Summit National Bank, as well as enhancing its other products.
Nexo co-founder Antoni Trenchev (Shutterstock/CoinDesk)

Kalin Metodiev, co-founder and managing partner of Nexo (Shutterstock/CoinDesk)
California, New York Join Several States Ordering Crypto Lender Nexo to Halt Yield Product
Seven states have ordered a halt to Nexo’s “Earn Interest Product” accounts, accusing the company of improperly offering unregistered securities.
Kalin Metodiev, co-founder and managing partner of Nexo (Shutterstock/CoinDesk)