Nexo hires Citibank to advise on acquisitions during market turmoil

Nexo, a crypto lending platform, says its strong balance sheet means it can make rescue journeys to provide liquidity during the current market turmoil by acquiring the assets of struggling crypto firms.

In a blog post, Nexo announced that it is currently receiving advice from banking giant Citigroup on how to acquire the assets of bankrupt crypto firms so that investors can regain access to blocked funds.