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/biz/ - Business & Finance

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File: 122 KB, 1383x693, nexo.jpg [View same] [iqdb] [saucenao] [google]
52356078 No.52356078 [Reply] [Original]

what gives?

>> No.52356868

>>52356078
wait all my Link is on nexo, how is it 0

>> No.52356886
File: 27 KB, 326x252, dump.jpg [View same] [iqdb] [saucenao] [google]
52356886

>>52356078

>> No.52356906

>>52356078
Sent it to an exchange to short it.
Looks like business as usual to me

>> No.52356918

>>52356078
Probably some of FTX’s billions had bailed out Nexo shorts because they were all part of the same entity and now the game’s over

>> No.52356939

>>52356868
>wait all my Link is on nexo
It's not your Link anymore

>> No.52356946

>>52356078
They sent it all to Binance. Probably to short it.

>> No.52356981
File: 1.40 MB, 1024x1024, Simeon despair 1.png [View same] [iqdb] [saucenao] [google]
52356981

>>52356078
Nexo is insolvent.
They won't survive this a lot longer.

They will be forced to use a Proof of Reserve service to prove they own the assets and they will either refuse and lose trust with a bank run or try to cheat it which will be discovered shortly after and make it even worse.