Nexo-labeled address withdraws $153M in Wrapped BTC from MakerDAO

in #bolds • 2 years ago

Just days after market analysts predicted a 50% drop in NEXO value due to regulatory pressure and investor concerns, a crypto wallet address labeled NEXO 0x8fd withdrew 7,758.8 wrapped bitcoins (WBTC) from MakerDAO worth about $153M.

On September 26, regulators in eight US states filed a cease-and-desist order against Nexo for allegedly offering unregistered securities to investors without warning. Additionally, Kentucky regulators charged Nexo with bankruptcy due to over-liability of assets when it dropped Nexo.

#snkdh #ybdt
2 years ago in #bolds by
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