Nexo Denied “Stealing Charity Money”, The Trick Of “Unmasking” Was Revealed

The Nexo lending project was accused by an anonymous Twitter account of “stealing charity money”. The project team denied the accusations soon after and exposed the “fabricated” tricks of the bad guys.

Nexo denies FUD “steals charity money”

On June 26, an anonymous Twitter account named “Otter”, posted a series of tweets claiming that the Nexo team had stolen money from a children’s charity and plowed it into private-public funds.

In response to the above allegations, Nexo has released two documents on its website. The first is a letter asking to stop and drop the accusations against the Twitter account Otter and a blog post that exposes the false claims Otter’s truth.

In its dismissal notice, the project asks the anonymous account to remove all comments immediately, statements, reviews, disparaging, defamatory, discrediting, goodwill, or otherwise disparaging platform’s commercial interests. The platform emphasizes that one of the reasons why Nexo Group and all its affiliated entities have always maintained a good reputation since 2017 is because they have always followed the law and put the interests of their customers first. Top. And they claim to be willing to go to the end to claim total compensation if the reputation is damaged.

In the blog post, the platform confirmed that several anonymous Twitter accounts provide false information and distort Nexo’s reputation for personal gain. These are ridiculous allegations, very shallow, and without clear evidence from 2020.

“Why would a company with hundreds of millions in revenue and management of billions of assets, vetted by Fidelity, Mastercard, and dozens of regulatory agencies, resort to petty theft, let alone interception from children in need?”

Nexo countered

Unmask the scam

Nexo also exposed two typical “formulas” that criminals often use to “seal” famous organizations to attract attention.

1/ Taking advantage of Nexo’s reputation to “polish the name” and attract a large number of followers.

2/ Make money from this number of followers. Otter is offering his Twitter account for sale.

The crypto lending platform asserts that “the truth is often simple”. The project has nothing to do with the other charity, and there have never been any joint activities or joint management between them. Nexo also does not forget to warn users to be alert to blatant manipulations and allegations of distortion of the truth.

With the available legal means, Nexo is working with legal advisors in the US and UK to prepare to sue and demand adequate compensation. The respondent will be responsible for covering all costs and expenses (including attorneys’ fees) to the platform in court proceedings until the request is fully met.

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