Good question
It can happen with any poorly managed CeFi. Nexo, however, has seated itself as the king of CeFi and looks like it is going to stay!
General concern bro
Well, I can't link to it, but the attestation is daily updated and shows that Nexo is over collateralised.
And rightfully so too - I think you have every right in the book to be concerned. CeFi isn't exactly showing to be the safest option all the time when you read the headlines. But that leads to a kind of reverse survivor bias. You ignore the things you don't hear about (like how well Nexo is doing) and end up hearing how all the bad ones are doing because they're the ones that make headlines. No one is reading a headline that says "Nexo is doing well, they're trading as usual..."
This is the link @pauld0051 is referring to - https://real-time-attest.trustexplorer.io/nexo
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