Nexo claims “smear campaign” ignores its attempts to aid insolvent companies

There is no specific catalyst, and Nexo is continuously working to enhance insurance and various other security features. This has been a continuous process for months through partnerships with BitGo, Ledger, Fireblocks, Bakkt, and other custodians.

Insurance covers all Nexo’s custody assets. Our custodians maintain separate wallets for each client. This is a security architecture designed to prevent breaches that affect multiple wallets. This means that if something happens to these assets under the control of a third-party custodian, Nexo and the proxy will fully protect the client.

Insurance covers all Nexo’s custody assets. Our custodians maintain separate wallets for each client. This is a security architecture designed to prevent breaches that affect multiple wallets. This means that if something happens to these assets under the control of a third-party custodian, Nexo and the proxy will fully protect the client.

No. Nexo has an excellent track record in security and risk management, has never been hacked, lost client funds, and did not have to rely on insurance.

While this type of insurance is fairly common in the blockchain space, Nexo is one of the most insured players for assets under custody, setting it apart from its competitors. This is the most security-focused, along with other basic practices such as tightly secured loans, real-time proof of finance by a third party, careful risk management, and aggressive procurement of global licenses. Has earned the reputation of lenders.

While this type of insurance is fairly common in the blockchain space, Nexo is one of the most insured players for assets under custody, setting it apart from its competitors. This is the most security-focused, along with other basic practices such as tightly secured loans, real-time proof of finance by a third party, careful risk management, and aggressive procurement of global licenses. Has earned the reputation of lenders.

Announcement of partnerships in general is a fairly substantive commitment. Therefore, for some of the major institutions in the field such as BitGo, Fireblock, Bakkt, Ledger (the name speaks for itself), public cooperation with Nexo means that all these entities are our business. Do due diligence to and mean that you are confident that everything is appropriate. In addition to collaborating with custodians mentioned above, Nexo also collaborates with MasterCard, Fidelity, and many other household names. These agencies are not the agencies that allow us to use their names vaguely.

It looks like that. I find it difficult to define the recent noise of the universe as something other than the Smear Campaign. It makes little sense to guess who is behind it. Frankly, rather than participating in the fruitless Twitter war that there is no good reason for this situation, our team is focused on providing the stability that the industry currently needs. increase. In addition, we are wisely taking advantage of this market downturn through continued product development and aggressive recruitment, others have been dismissed.

Some of the well-known companies in this area seem to be approaching bankruptcy, and the community is confused. In contrast, Nexo continues to function normally and even has enough liquidity reserves to provide support to these companies. We aim to restore public confidence and help our customers and investors who have been adversely affected. Nexo is working with top traditional financial advisors and is ready to become a major player in future plans, the large-scale integration of crypto space.

There are several ongoing processes approached by Nexo to help provide liquidity to those facing solvency issues, but we cannot comment on the details at this time. However, we promise to be part of a solution that will bring about space consolidation and recovery of lending best practices.