/biz/ - Business & Finance

Nexo shorting LINK in 2021 using their own fud.

>>50033271
>although they did not declare insolvency, they likely have an idea of whether or not they are solvent or insolvent. If they know they are insolvent, and it can be proven by testimony or documentation while these trades are being made, then they are committing fraud and people will do time in federal prison.
I think this is why the CEO was trying to flee to Israel..
They thought they could get away with it, but looking at their last 1.5 million LINK dump they still think this is okay and worth the risk.
Why would they continue to do this if they cannot buy back the tokens? Do they still have some hope of recovery thinking they can get away with everything if they make it back?
Or do they hope that the market will crash after they declare bankruptcy allowing them to make money without buying back the token by having more $ than their creditor debt?

Is there a way for the users of Celsius to force Celsius into a quick bankruptcy?
Wouldn't the forced hodl mode be the same as defaulting on a payment?

We mainly focused on Nexo until we discovered the other platforms shorting LINK this year, but BlockFi had high interest rates until the crash in May on Chainlink meaning that most CeFi were somehow part of this.

It should be possible to find something looking at the bigger Celsius wallet movements from last year.

Fake news?
Then why is it recorded on the blockchain?

>>49967598
Your user's fund won't last forever...
You will have to buy them back soon.
The longer you wait the more exposed you are to a new Chainlink announcement.

I am going to enjoy your bankruptcy announcement!

>>49926066
By the way shouldn't their users know that Nexo is actively shorting their own assets to make money at their user's expense from it?

>>49570258
It's an interesting form of karma to see what they did to other coins happen to them.