Crypto lender Nexo has issued a cease and desist letter in an effort to silence an anonymous Twitter account.
The account, which styles itself in the third person as ‘Otter,’ published a series of tweets on June 26 claiming that Nexo’s co-founders had stolen funds from a charity. The tweets have generated thousands of likes and retweets.
Later the same day, Nexo published two items on its website — one of them a cease and desist letter taking aim at the Twitter account, the other a blog post that seeks to debunk some of the claims made by Otter.
The exchange comes at a moment of high tension for crypto lenders. Several large lending firms — notably Celsius and Babel — have halted withdrawals. Rival lender BlockFi got a $250 million bailout in the form of a revolving credit facility from FTX, the exchange, on June 21.
Nexo, which offers interest rates of 18% on crypto holdings, claims to serve more than four million customers. It has over $12 billion in assets, according to its website.
Source: theblock.co
Coin | Change(%) | Price | Volume (24h) |
---|---|---|---|
Bitcoin (BTC) | 3.71 | $72,084.86 | $45.5B |
Ethereum (ETH) | 3.43 | $4,038.91 | $20.8B |
XRP (XRP) | 18.52 | $0.727106 | $4.4B |
Solana (SOL) | 1.58 | $147.242060 | $3.8B |
Binance Coin (BNB) | -2.22 | $519.52 | $3.0B |
USD Coin (USDC) | 0.03 | $0.999697 | $2.4B |
Dogecoin (DOGE) | 0.96 | $0.174374 | $2.1B |
Shiba Inu (SHIB) | -2.92 | $0.000033 | $1.7B |
Floki Inu (FLOKI) | -7.67 | $0.000267 | $1.3B |
Avalanche (AVAX) | 13.16 | $47.596296 | $1.2B |