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Jun 27, 2022
by Jafrin Ahmed
Crypto Lender Nexo Issues Legal Action Against Anonymous Twitter User
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Crypto lender Nexo has issued a cease and desist letter against the anonymous Twitter account 'otteroooo' which accuses the company's co-founders of stealing funds from a charity and using them for their personal indulgence.
Nexo Issues Cease and Desist Letter
In a Twitter thread published on June 26th, Otteroooo accused the three co-founders of Nexo claiming that they had stolen funds from a charity.
Later the same day, Nexo published two blog posts, one of them being a cease and desist letter against the Twitter account.
"We demand that you immediately, delete all your comments, statements, reviews, publications, whatsoever, in the social media websites and any other public media or communication channel, disparaging, defaming, or discrediting Nexo’s reputation, goodwill and commercial interests, and cease and desist orally or in writing, through any form of communication," the blog post read.
The other blog posts call the claims an 'anatomy of fake news.'
"Several anonymous Twitter accounts are using lies and distortion in yet another smear campaign against Nexo and profiting from short positions in a distressed market. The entire thread of the anonymous group of short-sellers is based on shallow lies and far-fetched connections from 2020," the blog post added.
Nexo Working With Citigroup
Earlier last week, Nexo announced that it is working with banking giant Citigroup (C) as it pursues a consolidation of other crypto lenders hit by the recent market downturn.
The announcement also stated that Nexo is planning a mass consolidation of the crypto industry through mergers and acquisitions.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.
