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
Direct link to Nexo – https://voskco.in/next
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…
Voyager VGX facing bankruptcy? – https://www.youtube.com/watch?v=HGcrZofa3AM
Gemini Earn faces a similar fate to Voyager? – https://www.youtube.com/watch?v=xaso813Qdy4
What is the future for BlockFi? – https://www.youtube.com/watch?v=eBTBBay9W3w
📃 Read the investigation threads here: 📃
Nexo confirms that they have no exposure to FTX or any of the contaminated companies – https://twitter.com/Nexo/status/1592872077983645697
Nexo offered $850m to buy BlockFi before FTX – https://www.theblock.co/post/187653/nexo-had-offered-blockfi-an-850-million-deal-to-potentially-acquire-it
Nexo co-founder interview – https://twitter.com/BloombergTV/status/1590802425933230080
Should you trust Nexo’s proof of reserves page? – https://twitter.com/Bitcoin/status/1591479648558678016
Nexo withdrew $219 Million from FTX before collapse! – https://twitter.com/AaronDBennett/status/1590641964646817795
Nexo set to launch their non-custodial wallet – https://cryptoslate.com/nexo-set-to-launch-their-own-non-custodial-smart-wallet/
⏰ 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!
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