/biz/ - Business & Finance

[Anonymous No.20523032]

Nexo offer 5% interest on chainlink deposits. This was always highly suspect as demand for chainlink borrow is next to nothing and is trading at 0% on Aave. Either they have been subsidising chainlink deposits with funds from elsewhere or they are paying new users with old users funds or are converting the chainlink into higher yield currencies (fiat) or speculating.

The recent events make it look highly likely that the latter was the case. Nexo likely do not have enough chainlink to cover all user deposits. In other words, nexo has less chainlink than users have deposited on the site.

This is fine when all currencies are relatively stable but after the recent chainlink rise it likely means nexo are in significant negative equity on their link deposits. They’ve likely taken a huge hit. It’s noteworthy that they have stopped paying interest in LINK and this further confirms the theory.

This would explain the recent short report, they certainly would benefit from a decline in LINK.

It looks very bad for nexo right now.

[Anonymous No.20523152]

>>20523032
They were selling user LINK
>take out link loan
>send it to binance
>"oops we don't have any link on exchanges right now sorry service not available wassowassowasso"

[Anonymous No.20523208]

>>20523032
Those fucks need to be destroyed

[Anonymous No.20523245]

>>20523032
>Nexo offer 5% interest on chainlink deposits
why?

[Anonymous No.20523255]

>>20523245
>why?
because they are running a fractional reserve ponzi

[Anonymous No.20523375]

>>20523032
OK so we have figured out their motive, means and opportunity. What now?

[Anonymous No.20523457]

This is gonna be ugly. Feel sorry for anyone that was using them. I know anyone can use Chainlink but at this early stage, Chainlink won’t look very good either.

[Anonymous No.20523522]

>>20523245
That is the whole point of the service, they pay users interest on deposits while loaning those deposits out to others at a higher interest rate.

>>20523032
You are onto something here. They likely were never speculatively short. Based on their statements all loans are denominated in USD. Crypto deposits are immediately sold and converted to USD. Loans and interest payments going out are converted from USD to that equivalent crypto requested for payment.

Link’s big jump caught them with their pants down because they don’t lock the Deposits at the UsD value at the time of deposit. As link spiked they ended up with a massive liability on their books.

The fud was likely a panic move to try and crash the price to eliminate that liability.

[Anonymous No.20523565]

So fucking pissed the moon mission is derailed by this shit.

I keep waiting for the recovery pump but I don’t think it’s coming.

[Anonymous No.20523616]

>>20523457
Maybe they will learn there lesson and not partner with just anybody. Take MOAB token partnership as an example.

[Anonymous No.20523620]

>>20523522
Digits confirm. What a bunch of shitsticks.

[Anonymous No.20523622]

>>20523032
they posted on tg that link withdrawal has been locked because they have no liquidity anymore
while previously having claimed the chainlink aave loan was for liquidity
holy shit they're totally underwater

[Anonymous No.20523754]

>>20523522
They literally took a LINK loan on aave, sent it to Binance and claim it's not there anymore. If that doesn't prove they are actively short, I don't know what does. It's likely they tried the short+FUD for net buy-in later as a last ditch attempt to try to induce panic to recoup otherwise fatal losses from both fronts, hence why the wallet activity matches the report being published.

[Anonymous No.20523858]

>>20523032
>>20523152
>>20523255
>>20523522
>>20523622
>>20523754
as more details that come out about this dumpster fire, it just keeps getting better. the Nexo Saga needs to immortalized within the larger Link mythos.
truly a delight to watch this shit go down.

[Anonymous No.20523878]

>>20523754

The shittiest part is it looks like it’s going to work. They’re at least going to get away with shorting LINK for 5 million unless a green dildo comes out of nowhere and I am literally praying it does.

FUCKING LINK TEAM NEED TO DO SOMETHING

ANNOUNCE SOMETHING, ANYTHING

it’s not just Nexo making it or not their artificial interference and SCAM is fucking a LOT of people out of money right now when organically that shouldn’t have been the case.

[Zeus Capital Insider No.20523943]

>>20523152
>trusting a company that hires sandniggers called 'ahmed' with your money
>ever

[Anonymous No.20523993]

>>20523878
Should biz setup a time to execute a collective market buy order on Binance to short squeeze the fk out of them?

[Anonymous No.20524030]

>>20523993

I wish someone would do so SOMETHING because they’re literally getting away with it right now if they haven’t already.

[Anonymous No.20524042]

>>20523993
Get the twitter faction in on this too, it'll work 100% if this theory is correct as long as they don't close their position.

[Anonymous No.20524057]

>>20523858
that mouse got a nice ass

[Anonymous No.20524122]

>>20523993
I’m in

[Anonymous No.20524166]

>>20524122
>>20523993

I will funnel everything I have in shitcoins into LINK if we had a coordinated pump.

I want to ruin these fuckers.

[Anonymous No.20524169]

>>20523878
Yeah the best way the Chainlink team could combat this without getting entangled legally for speaking out publicly is to announce something big early. It would be extremely based if they did that but I don't think they will.
>>20524030
The info is out there now, even if they get away with it in the market sense they've been exposed in the process. The case is pretty much closed. It just takes anyone to see the money in play in prosecuting them for it.

[Anonymous No.20524186]

>>20523993
based suggestion.
name the time and i'm all in.

[Anonymous No.20524234]

>>20523858
I will make a video on the topic so the memories are savoured

[Anonymous No.20524286]

>>20523858
Wtf I want to fuck that mouse

[Anonymous No.20524311]

>>20523993
Ah, yesss.
Our collective $500 will pump this to the moon

[Anonymous No.20524333]

>>20523993
I wanted to buy more link anyway. Make a new thread and I'll join with 10k usd

[Anonymous No.20524341]

>>20523032

[Anonymous No.20524342]

imo the pressure point should be the newsletter
if it can be proven the mails originated from nexo, serious legal action could be taken
user data is not something you can fuck with with impunity

[Anonymous No.20524383]

>>20524122
>>20524166
>>20524186

I would too, I've got about 50k myself I can throw in. I've always thought from the beginning Simeon was /one of us/ so there's a good chance they'll find out. Pretty sure we can force their hand at the very least if we execute within 2 days which should be enough. Other people might abuse the situation and put in their own sell orders.

[Anonymous No.20524390]

>>20524342
https://twitter.com/_WhenMoon_/status/1284691375322050566

We have proof they were invovled with the fake Zeus Capital site.

[42 No.20524407]

>>20523032
>Nexo offer 5% interest on chainlink deposits
shut your mouths

[Anonymous No.20524420]

>>20524390
no technically they can deny the code means anything, its a public code and could have been planted
but a third party couldnt have had access to their private mail data

[Anonymous No.20524449]

>>20523616
CZ could be our hero if he turns off the bots

[42 No.20524474]

>>20523152
>They were selling user LINK
of course
if you don't have your chainlink on a hardware wallet, then you HAVE TO BE RETARDED!
I mean, how many times do we need to repeat this mantra:

NOT YOUR KEYS!
NOT YOUR CRYPTO!

SIMPLE AS

[Anonymous No.20524522]

I think it’s time for Sergey to break out a little of that Bitcoin we all know he’s hiding and pay back these fuckers for trying to shit on his timeline.

It’s ok to flex a little dude when you’re shown such blatant disrespect. Nexo took a gift partnership and shit on it.

[Anonymous No.20524530]

>>20524342
If we'd have the sourcecode of the fud mail and the sourcecode of any newsletter mail we could be lucky and they might have sent them from the same mailserver.

[42 No.20524561]

>>20524474
forget Nexo
Linkpool is the one to look for staking

https://staking.linkpool.io/dashboard

[Anonymous No.20524597]

>>20523858
I would legitimately do fuck with that mouse lady

[Anonymous No.20524613]

>>20524311
several million between us all kek

[Anonymous No.20524631]

>>20524383
Sell side on the order book on Binance is pretty thick. We'll need 90k LINKs just to get to 8.02. Price to short squeeze is prob $8.50+. Idk if biz can pull this off with our neetbux.

[Anonymous No.20524636]

>>20524311
We're autistic enough to add a few 0's on the end of that

[Anonymous No.20524674]

>>20524631
Have some faith, newfag.
In early 2018 we drained binance's link hot wallet just for fun.

[Anonymous No.20524680]

>>20523616
Chainlink didnt partner with Nexo. Nexo claimed partnership. Chainlink just stated "they are using our service".

[Anonymous No.20524684]

>>20524631
I just bought a little trying to do my part

[Anonymous No.20524751]

>>20523032
Get a load of Simeon brainstorming with his friends.
https://www.bitchute.com/video/55VH6j9e8Ltm/

[Anonymous No.20524784]

>>20524674
>>20524042
Someone get this to the twitterfags immediately. They are the bridge to getting this knowledge from our autism to the rest of the world - and eventually the Chainlink team and the one who holds satoshi's wallet therein.

[Anonymous No.20524806]

>>20523993
If you guys coordinate a biz pump, I'll convert all my btc and eth into link (should come out to around 1k link)

Dont we need to make sure simone doesnt find out though? I'm sure nexo is lurking every thread right now

[Anonymous No.20524845]

>>20524674
I was fkn there. I've prob got more LINKs than we need to buy to short squeeze them sitting in my cold wallet which is the issue. Pretty sure most of our capital is already tied up in LINK. I still want to do this regardless for the lulz.

[Anonymous No.20524961]

Someone make the thread to coordinate it, I would but I have my hands full atm.

It doesn’t matter if they cancel the short, they needed to fill the short to remain solvent.

Cancelling the short doesn’t solve their problem because they still owe a 350,000 LINK smart contract.

So ANY value LINK gains only increases what they owe. They need LINK to dump substantially, make money off the short, then repay the AAVE loan at a lower value.

[Anonymous No.20524991]

>>20524961

A smart contract they likely collateralized in something OTHER than LINK.

So a LINK pump should squeeze whatever their collateral is in also.

[Anonymous No.20525007]

>>20524845
Based and nuclear cold wallet pilled

[Anonymous No.20525031]

>>20523993
you have my sword anon

[42 No.20525085]

>>20524522
>It’s ok to flex a little dude when you’re shown such blatant disrespect

[Anonymous No.20525092]

>>20524845
Fight fire with fire. Use your LINK to get a USD loan on AAVE to an extent that you feel is comfortably safe from liquidation.

[Anonymous No.20525124]

>>20523993
I will dump a grand in for shits and giggles

[Anonymous No.20525190]

>>20525092
Holy shit, we can actually pull this off with this strat.

[Anonymous No.20525195]

>>20523032
why is sergay holding a PNK logo?

[Anonymous No.20525214]

>>20525092

I have cold wallets I’d be willing to do this with.

My hot wallet is already maxed in this fashion and why I’m so pissed off. This little fucks tricks has me losing sleep at night.

[Anonymous No.20525310]

>>20523993
Lads I hate to say it, but we might need to start shilling the fuck out of link on reddit

[Anonymous No.20525424]

>>20525310
reddit already said they are too smart to fall for the chainlink scam.

[Anonymous No.20525431]

>>20523993
I am all in. lets do it

[Anonymous No.20525442]

>>20525310
I dare say you're right, anon

[Anonymous No.20525561]

>>20525190
or lose your ass potentially

[Anonymous No.20525607]

>>20523032
we still need a day/time.

[Anonymous No.20525676]

>>20525561
Let's say you take a loan that liquidates you at $1.50. That means you either believe we're going to have an event that dumps LINK lower than Black Monday or that the Chainlink price oracles AAVE uses are trash and will fail, both in the space of a few days you will partake in this clown fiesta and then repay.

[Anonymous No.20525768]

Include me in the screencap of when the Collective Undermining of Nexo Team had its first meeting.

[Anonymous No.20525842]

>>20523522
>fuds chainlink calling it wirecard
>is actually pulling a wire card themselves
crypto is a fucking clown world market

[Anonymous No.20525843]

>>20525676
Im all in Link bro. I think their product is top notch. I don't think it's going to crash that hard, though its falling now. Maybe high 6's or low 7's. However, I am risk averse. I would not wish to risk being wrong and losing out on "making it".

That said, I'm down for this plan and I will buy with what I can afford when the time comes.

[Anonymous No.20525882]

>>20525822

[Anonymous No.20525917]

>>20525877

[Anonymous No.20525965]

>>20525882
>>20525917
Which bread?

[Anonymous No.20526084]

>>20525965
The other one, I'm closing mine.

>>20525877

[Anonymous No.20526359]

>>20525310
Is it time?

[42 No.20526553]

>>20525424
>reddit already said they are too smart to fall for the chainlink scam.
and that's a good thing

[Anonymous No.20527354]

DRNS

[Anonymous No.20527555]

>>20523993
>>20524030
>>20524122
>>20524166
>>20524186
>>20524383
>>20524311
>>20524806
>>20525031
>>20525124
>>20525310
>>20525431

Then shall we create a new thread for the soul purpose of doing just this?
I think it would be in our best interest to operate under a code name, I suggest the name "Chain Gang" in reference to "chain link" obviously, and in said thread we could pic a proper time and date for a pump n dump

[Anonymous No.20527607]

>>20524530
>If we'd have the sourcecode of the fud mail and the sourcecode of any newsletter mail we could be lucky and they might have sent them from the same mailserver.
bump, i didnt receive it, anyone who did? can code be posted