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Legal Action Maybe Taken by Nexo Against Anonymous Twitter Account

In an attempt to silence an anonymous account on Twitter, Crypto lender Nexo issued a cease-and-desist letter....
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In an attempt to silence an anonymous account on Twitter, Crypto lender Nexo issued a cease-and-desist letter.

This account, known in the third person as “Otter”, published a series of tweets June 26, claiming that Nexo’s founders had stolen funds for a charity. These tweets have been retweeted and liked thousands of times.

The Nexo website published two articles later that day — one a cease-and-desist letter directed at Twitter, and the other an blog post which seeks to refute some of Otter’s claims.

This exchange occurs at a time of tension for crypto lenders. Many large lending companies, including Celsius as well as Babel, have stopped withdrawing funds. BlockFi , a rival lender, received a $250 million bailout from FTX on June 21.

Nexo offers 18% interest rates on crypto holdings and claims to have served more than 4 million customers. According to its website, it has more than $12 billion in assets.

Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".
Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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