Nexo Proposes Celsius Buyout as Rival Lending Platform Halts Withdrawals

on Monday, Nexo offered to buy"substantially part of or all of the remaining qualifying assets ... comprising mostly or fully of collateralized loan receivables secured by corresponding collateral assets, as well as brand assets and the customer database."Unlike Celsius, which reports platform inflows and outflows on a weekly basis, Nexo provides a real-time audit of custodial assets., Nexo revealed that it had $6.2 billion in customer liabilities.

The Nexo token price is down by 22% in the past 24 hours amid a market-wide sell-off. Celsius' CEL token has lost more than 50% of its value following its announcement earlier Monday. Celsius, which is headquartered in New Jersey and has a subsidiary in London, had not responded to requests for comment by publication time.Adds Nexo's letter of intent, Nexo liabilities; removes tweet saying offer letter was being prepared.

Nexo CelsiusNetwork OKnightCrypto SHORT ATOM 📉🤡

Nexo CelsiusNetwork OKnightCrypto I bet swissborg will be aping to as they will collapse if this situation doesn't get under control.

Nexo CelsiusNetwork OKnightCrypto Thank God I withdrew all my funds off that platform over a month ago 🙏

Nexo CelsiusNetwork OKnightCrypto Well nexo is taking a long ass time to get my money off the exchange - I am not fazed by this headline - I am losing faith and trust in nexo

Nexo CelsiusNetwork OKnightCrypto Could be that offer on the table before Celsius locked the funds?

Nexo CelsiusNetwork OKnightCrypto IamSuperMassive

Nexo CelsiusNetwork OKnightCrypto Free marketing for sharks right now

Nexo CelsiusNetwork OKnightCrypto Celcius 2.0 is comming soon 😂😂😂🤦‍♀️

Nexo CelsiusNetwork OKnightCrypto 🫡 AntoniNexo

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