I don't have any information about this, but you can submit a request here and a relevant team will get back to you - https://support.nexo.io/hc/en-us/requests/new
very good question what prevents many investors from depositing more funds today at Nexo is the lack of transparency on their general explosion and their public crypto address. The day a company that allows you to save will do this, it will win a lot of customers and money.
Not only transparency. Insurance too, like the FED insures fiat banks.
IMO, no.
Well, the fact they knew about the blunder some weeks before the news broke, then my guess is they probably were definitely not transparent. We all take risks with CeFi platforms, even though they're regulated. I know that I have not seen a reason yet to worry about my investment at Nexo - and the products they supply are good quality and sustainable. I have several DeFi and CeFi platforms that I will use to spread the risk. I think it's all much of a muchness. DeFi is definitely more transparent, but also more risky.
Is nexo regulated? I don't think so... I wish you tell me I'm wrong.
They say so - which is how they can have a credit card in the EEA for instance.
It's also the reason they can't sell interest based products in the US right now too.
https://support.nexo.io/hc/en-us/articles/360008236853-Where-is-Nexo-registered-and-is-it-regulated-#:~:text=The%20Nexo%20Group%20has%20legal,applicable%20global%20and%20local%20regulations.
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