The Curious Case of Nexo’s Glorious American Encore 🎭💸

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Dearest readers, behold the triumphant phoenix of crypto lenders, Nexo, who dares to pirouette once more upon the American stage, merely two years after engaging in a genteel dance with the SEC, costing a princely sum of $45 million.

This dashing cryptocurrency lender, having flirted scandalously with Uncle Sam’s regulators for their unregistered lending haute couture, now sashays back, eager to woo the American dollars as if nary a waltz with the law ever occurred.

Nexo returns to the U.S. market.

We are embracing renewed optimism and entrepreneurial momentum to deliver our full products to American clients in a supportive environment. 🧵

— Nexo (@Nexo) April 28, 2025

In a grand proclamation via the modern herald known as “X,” Nexo promises to lavish retail and institutional suitors alike with a cornucopia of delights: high-yield crypto savings tempting enough to make a miser blush, asset-backed credit lines smoother than a debutante’s waltz, advanced trading, and liquidity solutions fit for the knights of institutional finance.

Ah, but lest we forget the scandalous prelude—January 2023 saw Nexo stumbling into the arms of the U.S. Securities and Exchange Commission, accused of parading their Earn Interest Product without the proper registration, a faux pas in the grand ballroom of financial propriety. They, of course, neither admitted guilt nor denied it, preferring instead the eloquence of silence.

As if strutting upon a stage were not complicated enough, whispers of legal melodrama reached a crescendo in early 2024 – a quest to reclaim a staggering $3 billion tangled in the web of a stalled criminal investigation. This rather inconvenient affair also spoiled hopes for a stock market debut and a whimsical dalliance with a soccer sponsorship. Nexo’s spokespeople lamented the damage wrought upon their reputation, likening it to a socialite’s ruined gown and the shareholders’ fortunes dashed upon the rocks of suspicion.

One cannot resist the lurid details: January 2023 also brought a dawn raid, with authorities charging the platform with nefarious deeds including money laundering, tax evasion, and computer skullduggery. Naturally, Nexo’s management dismissed these accusations with all the grace of a fox in a henhouse.

And finally, the curtain fell in December 2023 when the Bulgarian Prosecutor’s Office, in a plot twist worthy of Wilde himself, declared the criminal case closed—no evidence found, no misdeeds unearthed. A story of innocence preserved or merely the cunning of a well-scripted performance? Only time and wit will tell.

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2025-04-28 11:25