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Gemini Earn Withdrawals PAUSED, Genesis Trading IN TROUBLE? Next FTX? Just days ago Genesis Trading which has DCG Digital Currency Group as their parent company said they lost 7mm with FTX, and then it turned out to be 175 MILLION dollars lost, and now they are pausing Gemini Earn withdrawals due to liquidity issues… are we dealing with the next insolvent billion dollar crypto company, or actually truly.. just liquidity issues…
VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
Nexo is one of the last cryptocurrency lenders still operational, FTX led by Sam Bankman-Fried filed for bankruptcy, Genesis Trading who operated Gemini Earn have paused withdrawals, and BlockFi have frozen all of their accounts… Is Nexo actually safe? Subscribe! https://voskco.in/sub
Is Nexo NEXT though? Ironically Nexo had offered to acquire BlockFi in 2022, and now BlockFi is in dire need of additional funding, so one conspiracy is that Nexo could be bailing BlockFi out just like FTX did led by SBF. However, FTX imploded as a massive ponzi scheme scam, and trust in most cryptocurrency companies is at an all time low. Nexo, if their proof of reserves hold true, and their business is truly solvent and profitable, stand to take control of the crypto lending and borrowing sector – at least on the CeFi side, there is of ourse always DeFi protocols like Aave. Let’s review Nexo, and if 2022 will set them up for success in 2023, or Nexo will be the next crypto lender to file for bankruptcy…
⏰ Timestamps ⏰
00:00 Bad news keeps getting worse…
01:07 Nexo offered BlockFi $850m to acquire them!
03:13 Nexo co-founder speaks on FTX
04:32 Were Nexo exposed to Genesis, FTX or BlockFi?
06:23 What is Nexo? Trust their Proof of Reserves?
07:46 Nexo withdraws from FTX before collapse
09:16 Nexo launching a non-custodial smart wallet
10:44 Nexo – the king, or another collapse imminent?
13:01 Billion Dollar deals taking place!
VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
