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Analyst: Nexo has not officially issued an email preventing users from withdrawing and providing them with high deposit interest

July 16, 2022
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DeFi analyst otteroooo tweeted that a screenshot of an email circulating in the market may suggest that crypto lending platform Nexo is insolvent.

The screenshot of the email shows that Nexo customer service said that it would suspend the user’s withdrawal request, and suggested that the user re-enter the asset lock-up period and provide them with additional deposit interest.

Afterwards, analyst FatMan replied that the Nexo founder had confirmed it was a fake email. It never happened.

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