Crypto lending platform Nexo, 126 millionIt was sued by a group of investors for obstructing dollar withdrawals.
The effects of the crypto bear market are putting investors’ assets in jeopardy. The downward trend in the general trend and the recent events have increased the negative atmosphere. FTX The bankruptcy of the stock exchange and the accompanying bankruptcies were among the biggest causes of the process. After all the processes, liquidity shortages grew in crypto companies. Companies are looking for new ways to give investor assets and return transactions. One of these platforms Nexo, 126 millionHe was sued for obstructing the withdrawal of dollars.
Investors Sued Nexo
Plaintiffsafter trying to remove their assets from the platform Nexo He stated that his platform had frozen their accounts. In light of these allegations, the crypto platform was sued.
CityAMAccording to the news by crypto lending platform, at the London High Court sued. crypto platform, 107 millionsterling (approx. $126 million) for not allowing cryptocurrency withdrawals.
Jason Morton, Owen Mortonand Shane Morton , reported what happened after they tried to remove their assets from the platform. Three victims stated that they blocked them from the platform after the transaction.
allegedly the Mortons faced the threat that they would be blocked from withdrawing their crypto holdings. This is because the tokens to be sold in Nexo there was a possibility of a crisis. Platform requested these tokens at a discount from three investors.
On the other hand Nexosaid the following on the subject;
“ Nexo All transactions, including the sale of tokens, were completed in good faith. It was also documented and accepted as final by the plaintiffs at the time of enforcement.”
