Cryptoasset lender, Nexo Capital Inc., was sued in London by investors who allege they were blocked from withdrawing parts of their $126 million in assets from the exchange in March 2021, when one Bitcoin was worth more than $54,000.
See Also
Crypto Lender Nexo to Exit US Market After Facing Regulatory ScrutinyCoinbase vs Nexo: Top Crypto Platform Market in 2024 | BitcompareWhat is Nexo? | NEXO Crypto | Delphi DigitalNexo: Buy, Exchange, and Store Bitcoin & CryptoNexo froze the accounts of two brothers and their cousin in late March 2021 and pressurized them into selling its own token back at a heavily discounted rate, lawyers for the investors said in the lawsuit. Owen and Jason Morton, and their cousin Shane Morton said they were forced to sell the tokens at about a 60% discount of the market price, they alleged.
