2 years ago
In a caller blog post, Nexo responded to the “ludicrous allegations” levied astatine them arsenic “obvious lies and smear campaigns.”
The lending and borrowing level called connected readers to disregard the fake quality and enactment informed during these challenging times.
Short sellers looking to nett via “fake news”
Nexo claims they are the unfortunate of smear campaigns by anonymous Twitter accounts, intending to nett by short-selling during “a distressed market.”
“Several anonymous Twitter accounts are utilizing lies and distortion successful yet different smear run against Nexo and profiting from abbreviated positions successful a distressed market.”
In backing up this claim, Nexo laid retired the “typical formula” for fake quality to amended readers connected what to look retired for.
The station continues by saying the method begins by making an “unfathomable” assertion to manipulate readers into abandoning logic portion simultaneously gaining an online pursuing done sensationalization.
Although Nexo mentioned being attacked by respective anonymous Twitter accounts, they singled retired @otteroooo, peculiarly a tweet accusing the institution founders of siphoning funds from a charity.
NEXO FOUNDER & FAMILY SIPHONED FUNDS FROM CHARITY FOR SICK KIDS, USED DONATIONS AS PERSONAL SLUSH FUND, EVEN BUILT A PALACE FOR THEMSELVES
Evidences presented successful afloat by otter below
no bueno!
— otteroooo (@otteroooo) June 26, 2022
To discredit the accuser, Nexo presented screenshots of a speech successful which @otteroooo asked for USDC 50,000 to merchantability the Twitter account.
Moreover, claims of siphoning funds from a Bulgarian children’s foundation related to a antheral called Constantine Krastev. The Nexo co-founder is Kosta Kantchev, a antithetic idiosyncratic entirely.
Other techniques mentioned by Nexo see “decorating claims” with intriguing but irrelevant information, associating with authorities organizations, censoring comments to power the narrative, and pretending to person noble intentions.
The station signed disconnected by calling connected readers to workout judgement successful distinguishing existent quality from fake quality with an docket to nett from the fallout.
“In the midst of each the noise, sometimes it is hard to separate what is worthy of your attraction and what tries to nett financially from it.”
@otteroooo remains defiant calling Nexo’s “Bulgarian mafia tricks” a “cute” effort to soundlessness him. He claims the Twitter relationship buying treatment was an effort to soundlessness him and slander his reputation.
NEXO'S FAILED TRICKS TO SILENCE OTTER
Nexo Bulgarian mafia tricks are cute
thread shows however otter trolled suspected Nexo alt account
Otter knew it was a acceptable up to bargain the relationship to soundlessness otter
Come spot however they effort and slander otter
and effort get info connected my Nexo posts
— otteroooo (@otteroooo) June 27, 2022
Nexo claims it is solvent
The fallout from crypto wintertime has respective platforms nether pressure. However, Nexo claims its prudent attack and strict hazard absorption strategy person positioned it good successful this hard period.
At the tallness of the Three Arrows Capital (3AC) disaster, Nexo tweeted that it has zero exposure to the firm. Two years ago, Nexo said they declined an unsecured recognition enactment from 3AC, having discovered they were simply a middleman successful that deal.
Оver 2 years ago, we declined 3AC’s petition for unsecured credit. We learned that they acquired it elsewhere.
It is present evident that Nexo’s attack was correct. This is wherefore our assets transcend our liabilities:https://t.co/nKmWs2ckte
— Nexo (@Nexo) June 15, 2022
The station Nexo dismisses claims it defrauded a children’s foundation arsenic fake news appeared archetypal connected CryptoSlate.
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