Did you guys read the NEXO article from Cointelegraph? Do

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Did you guys read the NEXO article from Cointelegraph? Do

i need to worry?

"the regulators in the state of Kentucky accused Nexo of being insolvent, noting that without its namesake native token, NEXO, the firm's "liabilities would exceed its assets." As of July 31, Nexo had 959,089,286 NEXO in its reserves. That's 95.9% of all tokens in existence."

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01.10.2022

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Yan | Nexo | No support on DM
As a private company, while we generally do not pu...

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02.10.2022

Yan | Nexo | No support on DM · Accepted Answer

As a private company, while we generally do not publicly share any financial information besides Nexo's real-time collateralization ratio, in this case, we can confirm that on a consolidated basis (the data provided as part of our cooperative approach towards Kentucky's inquiry is for the stand-alone position of one of the Nexo Group's entities) NEXO Tokens represent less than <10% of the company's total assets which in return exceed the company liabilities even when excluding the company's net position in NEXO tokens.

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Did you guys read the NEXO article from Cointelegraph? Do

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