Nexo-labeled address withdraws $153M in Wrapped BTC from MakerDAO By Cointelegraph
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Nexo-labeled address withdraws $153M in Wrapped BTC from MakerDAOJust a few days after market analysts predicted a 50% drop in NEXO price due to regulatory pressure and investor concerns, a crypto wallet address labeled as NEXO 0x8fd withdrew 7,758.8 Wrapped (WBTC) — roughly worth $153M — from MakerDAO.
On Sept. 26, regulators from eight U.S. states filed a cease-and-desist order against Nexo under the allegations of offering unregistered securities to investors without warning. Moreover, Kentucky regulators accused Nexo of insolvency owing to liabilities exceeding assets when excluding Nexo.
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Nexo-labeled address withdraws $153M in Wrapped BTC from MakerDAOJust a few days after market analysts predicted a 50% drop in NEXO price due to regulatory pressure and investor concerns, a crypto wallet address labeled as NEXO 0x8fd withdrew 7,758.8 Wrapped (WBTC) — roughly worth $153M — from MakerDAO.
On Sept. 26, regulators from eight U.S. states filed a cease-and-desist order against Nexo under the allegations of offering unregistered securities to investors without warning. Moreover, Kentucky regulators accused Nexo of insolvency owing to liabilities exceeding assets when excluding Nexo.
Continue Reading on Coin Telegraph
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