Thursday, February 9, 2023

Eight states file enforcement action against crypto lending platform Nexo

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  • Eight states announced a cease and desist order against the crypto lending platform Nexo.
  • The filings state the company offered investors interest-earning accounts without first registering them as securities.
  • The orders prevent Nexo from offering this product to residents until it meets the necessary registration requirements.

The Vermont order states that as of July 31, 2022, more than 93,318 U.S. residents had invested more than $800 million in these accounts.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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