Nexo is a blockchain project that provides instant short-term loans. The advantages of the project are that users are provided with fiat funds in accordance with the amount that was frozen in digital currency, customers retain ownership, there are low commissions, transparency, no lengthy inspections, no tax fees.

NEXO news today, Nexo crypto latest news of token ticker

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The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.

Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse

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Nexo would like to confirm that we have $0 exposure to Genesis, Gemini, Luno, and BlockFi.

Our hearts go out to those affected.

https://www.coindesk.com/business/2022/11/16/genesis-crypto-lending-unit-is-halting-customer-withdrawals-in-wake-of-ftx-collapse/
https://www.gemini.com/blog/an-important-message-regarding-gemini-earn

We are using this opportunity to remind you that due to our strict risk management, Nexo had $0 exposure to: 
- FTX/Alameda
- UST/Luna
- Three Arrows Capital 
- Celsius, Babel, Hodlnaut, etc.
- Struggling crypto miners

https://twitter.com/Nexo/status/1590068797284941829?s=20&t=klVhDhVtTFwPnnUz6dfWKA

Nexo would like to confirm that we have $0 exposure to Genesis, Gemini, Luno, and BlockFi. Our hearts go out to those affected.