The SEC lawsuit says:
“Throughout the Relevant Period, Coinbase has made available for trading crypto
assets that arebeing offered and sold as investment contracts, and thus as securities. This includes,
but is not limited to, the units of each of the crypto asset securities further described below—with
trading symbols SOL, ADA, MATIC,FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH,
and NEXO—(the “Crypto Asset Securities”).”
So basically FUD
Does it mean we have to be afraid in investing on Nexo platform??
Why? They aren't even on USA territory
But their accounts are based in the Cayman Islands and the Cayman Islands are known for granting complete financial freedom no matter if the company intends to cheat on its customers. So how can we be sure that the fact that Nexo is based in the Cayman Islands would not be a danger for us investors??
Hello! As a digital assets institution with an impeccable track record, we have implemented rigorous risk management policies and practices to safeguard your investments and interests. All of our products and services are fully operational as always.
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