Nexo has settled the federal and state charges brought against its crypto asset lending product. The Securities and Exchange Commission (SEC) said in a Thursday (Jan. 19) press release that Nexo will pay $45 million in penalties and stop offering its earned interest product (EIP)...
Bulgarian police have reportedly raided cryptocurrency lender Nexo in a money laundering and tax probe. Authorities are looking into Nexo on suspicion of money laundering, tax crimes and offenses involving unlicensed banking activities, Siyka Mileva, a spokesperson for Bulgaria’s chief prosecutors, told reporters, per a...
Crypto lender Vauld has reportedly called off an acquisition by rival Nexo. “We were previously exploring a potential acquisition by Nexo as part of the proposed restructuring plan,” Vauld said in a private message on Twitter, published by Coinbase on Monday (Dec. 26). “To provide...
Nexo will phase out its products and services in the United States over the coming months. The cryptocurrency managing and lending platform said in a Monday (Dec. 5) blog post that the decision follows 18 months of dialogue with state and federal regulators that has...
February 23, 2023
CoinEx says it is taking measures to address claims it’s operating illegally in New York. The crypto exchange made that announcement Thursday (Feb. 23), one day after New York Attorney General Letitia James sued CoinEx for selling unregistered digital assets in the state. The lawsuit, which seeks court permission to bar CoinEx from doing business in […]
January 20, 2023
Nexo has settled the federal and state charges brought against its crypto asset lending product. The Securities and Exchange Commission (SEC) said in a Thursday (Jan. 19) press release that...
January 12, 2023
Bulgarian police have reportedly raided cryptocurrency lender Nexo in a money laundering and tax probe. Authorities are looking into Nexo on suspicion of money laundering, tax crimes and offenses involving...
December 26, 2022
Crypto lender Vauld has reportedly called off an acquisition by rival Nexo. “We were previously exploring a potential acquisition by Nexo as part of the proposed restructuring plan,” Vauld said...
