Why Celsius don't accept Nexo help? Or was only a

Question

Nexo Community

Bogdan Ciobanu

Why Celsius don't accept Nexo help? Or was only a

joke?

#cryptocurrency #english #nexo

0

16.07.2022

4 ответов

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Gene Vexo⚡️

From what we can see from the finally revealed Celsius' balanced sheet, they were engaging in under- & uncollateralised practices. Something that Nexo never does. Nexo offered Celsius to buy their qualifying collateralised loan receivables. But Celsius couldn't sell something that they didn't in the first place!

0

16.07.2022

Hans

The Armanino doesn't give a overvieuw where they keep there assets and what assets, who says this is liquid?

0

16.07.2022

Gene Vexo⚡️

Hans
The Armanino doesn't give a overvieuw where they k...

Nexo announced last month that they were already de-risking their DeFi positions. They had some stETH, etc. on Maker (always publicly verifiable). I can see they closed all those positions, except for a ~$22M in $WBTC, with a liquidation price of ~$6k per BTC, which looks very reasonable to me. Wallet: 0x8Fd589AA8bfA402156a6D1ad323FEC0ECee50D9D At the end of the day, I believe Nexo have proven that their risk management is outstanding.

0

16.07.2022

A U · Accepted Answer

A U

Ploy from too many loans and positions in the market one can only speculate at their financial position the current class action will be interesting to see

0

16.07.2022

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Why Celsius don't accept Nexo help? Or was only a

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