The crypto lender has urged US-based customers to withdraw their funds soon.
This is a direct consequence of the company’s recent settlement with US regulators, in which it had to pay $45 million in fines.reached between Nexo and the US SEC as well as NASAA, which “concluded on a no-admit-no-deny basis and closed all multi-year-long inquiries” into the crypto lender.that it will stop the Earn Interest Product for all US customers on April 1, 2023, including residents and citizens based in “50 US States and three territories.
Consequently, the lender advised affected clients to withdraw their assets from the program “at a convenient time” until that date. Nevertheless, the firm’s program will provide its promised interest rates until April 1. Aside from its issues with the US government, the crypto lender has had its fair share of controversial dealings with the Bulgarian authorities.
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